7.28 Gold late-session wrap: Intraday high-altitude setup hit perfectly, and gold price continues to fall

The midday rebound high-altitude forecast was fully realized. After the gold price rebounded and met selling pressure, it slid all the way down to the 4017 low point. The bearish trend and all resistance levels were predicted accurately, and the bulls had no momentum to launch a comeback.

Technical analysis: The 1-hour and 30-minute Bollinger Bands are opening downward in sync. The current price of 4028 is trading below the lower Bollinger Band, and the RSI is in an oversold zone. In the short term, there is only minor rebound, while the bigger trend remains weak.

Resistance: 4040, 4060.
Support: 4017, 4001.

Keke’s recommendation: For the evening, rebound into resistance remains the priority. Short around 4040–4060, targeting 4015 and 4000. Set a strict stop-loss and do not go bottom-fishing against the trend.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金