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7.29 Midday Trading Thought/Plan
Hynix’s earnings report came as a surprise and dragged down global risk sentiment. The semiconductor giant’s results missed expectations, triggering a broad sell-off in global tech stocks. Funds piled into USD safe-haven moves, further capping the upside rebound potential for gold.
Resistance above: 4040
Strong resistance: 4050
Support below: 4010
Key support: 4000
Idea: Go short in the 4030-40 range, target 20-15. If 15 breaks, continue to look lower to 10
$XAUT #SK海力士财报不佳盘后下跌