7.28 evening trading thoughts



The situation in the Middle East is a fragile ceasefire, with the possibility of surprise “needle” attacks at any time
The US and Iran have only temporarily reached de-escalation talks; their differences have not been fully resolved. In the evening, news about a potential escalation of conflict could surface at any moment, instantly causing gold prices to surge and plunge. Never chase a breakout at high levels or blindly bottom-fish at low levels—it's easy to get stopped out on both sides.

Resistance levels: 4080-4090
Strong resistance: 4115-4120

Support levels: 4030-4045
New line support: 4000

Plan: short around 4080-4110 after a reversion (anti-tank strategy), aiming for 4040-4030. If it breaks down, watch for 4000.

Just my personal opinion—no investment advice whatsoever!
$XAUT
XAUT-0.96%
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