7.29 Gold early outlook: The high-altitude idea at midnight was executed precisely, and gold prices continue to trend weakly downward

The high-altitude idea given at midnight yesterday was completely right. The forecast for a rebound failing under pressure and the subsequent pullback rhythm matched the chart perfectly. The key resistance and support levels were all predicted correctly. During the early session, price continued to trade at low levels, and the bearish trend remains unchanged.

Technical analysis: The 1-hour and 30-minute Bollinger Bands continue to open downward. Current price at 4015 is trading near the lower band. RSI has fallen into the oversold zone; in the short term, there is only slight potential for recovery, and the rebound strength is seriously insufficient.

Resistance above: 4034, 4055; Support below: 4013, 3997.

Keke’s suggestion: Early in the day, rebound rallies should still be treated as the main setup. Short around 4030-4050, targets at 4010 and 4000. Set a strict stop-loss and do not blindly bottom-pick.

Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金