7.28 Mu Yun midday analysis

After the morning gold price dipped to a 4034 low, it saw a small rebound for correction. At this stage, the market remains in a range-bound, choppy structure.

From the technical market perspective, the low-level support is temporarily holding things up, but the bearish momentum has not been fully exhausted. This rebound is only a technical bounce and cannot be taken as a trend reversal signal. The overall weak structure still remains; the resistance zone overhead is firm, and the upside space for the rebound is relatively limited.

There are no positive catalysts on the news front to drive the market. Trading sentiment is cautious, and in the short term the market mainly oscillates within a range, making it difficult to sustain a continuous uptrend.

Trading idea:
For a rebound in the 4055—4075 range, you can set up short positions. Targets to watch sequentially: 4035, 4010, 3980#黄金