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7.29 Morning Outlook
After the sharp drop in the early morning, the chart is severely oversold on the short-term horizon. In the morning, there’s a high likelihood of a modest rebound and repair. This rebound is driven by stuck funds reducing positions and shorts taking profit—not a bullish reversal.
Resistance above: 4030
Strong resistance: 4050
Support below: 4015
Strong support: 4000
Plan: Take a short trade near 4030-4050, targeting 4015-4000
$XAUT #黄金布局