7.28 Gold Client Golden Midday Brief: Plunges 47 Points—Shorts Crush Everything! Gold’s Oversold Rebound Is Only a Correction



From a 10-minute short-cycle perspective, after gold broke into a one-way selloff and then stabilized, it moved into a rebound/repair phase. In the early session, it met resistance and turned down from the 4081 high; bearish momentum concentrated its release. The price continuously broke through multiple key supports, dipping to a daily low of 4034. $XAU

After reaching the lower BOLL band, price halted its decline and rebounded. In the short term, moving averages remain in a bearish alignment, and the upside has a very clear suppressing effect. The MACD green histogram continues to narrow—rebound momentum in the short run is being released step by step—but the overall weak structure has not been broken yet. $SOL

Place short positions on the rebound within 4060-4080, with targets at 4030 and 4000
#黄金
XAU-1.61%
SOL-4.28%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned