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Technical review of gold, the U.S. Dollar Index, and crude oil, with the key points as follows:



1. Gold is testing support around 4283 on the 4-hour chart, which is the short-term bull-bear dividing line; a break below could further weigh on the daily and weekly charts.

2. The U.S. Dollar Index has recently undergone bullish consolidation, with a large bullish daily candle touching resistance at 101.137. Its rise is the main reason gold is under pressure; if the Dollar Index breaks through, the risk of gold breaking down will increase.

3. In terms of short-term momentum, tonight will be crucial. If gold can reclaim 4320 on the 4-hour chart, this short squeeze will return to a safe range; if the weekly close falls below 4283, the longer-term trend will weaken.

4. The current pullback in crude oil has limited room and is unlikely to see the kind of deep decline witnessed in May and June. Signs of a rebound have already emerged, which in turn will also affect the U.S. Dollar Index and gold.
$XAUUSD This content represents personal opinions only and does not constitute investment advice. Markets involve risks.
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SharkSharkAlwaysTakesALossWhen
2 hours ago
For fuck’s sake, this pissed me off so much I laughed—after printing a wick, it violently pumped to 92 without even touching 70.
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SharkSharkAlwaysTakesALossWhen
2 hours ago
First Review
Supporting 🙌 from the front row
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