7.28 Night Linmu Huang Analysis

In the afternoon, gold continued in an extremely weak pattern, with a one-way drop of over $20 establishing a short-side advantage. Although there is currently a small pullback, it is a typical “sharp selloff, slow recovery” corrective structure; the rebound has not even recovered half of the selloff range. The MA5 and MA10 moving average systems remain in a bearish alignment, tightly suppressing price. There is heavy sell pressure around 4037-4047 above; the main players are using narrow-range consolidation to “lure longs and wash out positions.” After the bounce lacks strength, it will continue downward to break support.
Huang: Bounce to the 4037-4047 area to set a short, target around 4010-3995. #USD1持币生息最高8% $XAUT