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7.28 Gold midnight review: Evening session high-short setup precisely hit the mark, weak recovery at lower levels
The evening-session rebound high short prediction matched the order book perfectly. As the gold price rebounded and faced pressure, it dipped to test the 4011 low. All resistance and support levels were forecast accurately. The current recovery is only a modest correction, and the larger bearish structure remains unchanged.
Technical analysis: The 1-hour and 30-minute Bollinger Bands are opening downward in sync. The current price of 4034 is trading below the Bollinger midline, RSI has returned to the neutral range, and rebound momentum is insufficient.
Resistance above: 4046, 4082; Supports below: 4011, 3997.
Coco’s advice: At midnight, rebound and short from above remains the main focus. Sell short around 4045-4065, targeting 4025 and 4005. Follow a strict stop-loss—do not blindly bottom-fish.
Disclaimer: The above is only personal opinion and does not constitute investment advice. $XAUT