7.29 Gold evening report: The intraday high-altitude trading idea hit perfectly, and range-bound consolidation does not change the bearish tone



The midday outlook for the rebound being under pressure and the idea of range-bound trading were fully on point. All resistance and support levels were predicted accurately. The slight rebound in the evening is only a weak corrective repair, and the overall large bearish structure remains unchanged.

Technical analysis: The 1-hour and 30-minute Bollinger Bands keep a tightening downward pattern. The current price at 4031 is trading below the Bollinger middle band. RSI is in a neutral range; upward rebound strength is insufficient, with no reversal bullish signals.
Resistance above: 4045, 4055; Support below: 4021, 4010.

Keke’s suggestions: In the evening, rebounds toward higher levels should still be the focus. Short around 4040-4060, targets 4020 and 4000. Set a strict stop-loss and do not chase longs blindly.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. $XAUT
XAUT-0.35%
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