7.29 Coin Gold Client Gold Midday Report: Gold bulls rebound, but the weak trend is hard to change; any rebound is a short-selling window

Intraday gold on the 10-minute timeframe showed a rebound attack. After dipping to 4010, the session’s intraday low, it gradually halted its decline and stabilized. As buying by the bulls kept strengthening, price consolidated with an upward bias; the rebound momentum is strong in the short term, and the bulls temporarily control the trading rhythm. $XAU

On the 10-minute cycle, price has already held above the short-term moving averages. The BOLL bands have turned upward and are running with the opening; the MACD histogram’s red bars continue to lengthen, indicating sufficient bullish momentum for the short term. However, this rebound is only a form of oversold correction and repair. The weak medium-term pattern has not been broken. In terms of trading, the main approach remains selling shorts on rebounds at higher levels.

Sell short orders in the 4050-4070 range for a target of 4010 and 3980
$HYPE #黄金