1. Long-term trend: The overall environment in the second half of the year is bearish for gold prices. The long-term trend remains downward, with rebounds serving as opportunities for further decline.
2. Recent price review:
- Wednesday saw a decline from the 4135 level, breaking below 4090 during the European session and accelerating to 4040. - After a rebound yesterday, prices reached 4020 again before bouncing back to around 4095.
1. Key watershed: 4095 is the critical watershed for today. - If the price breaks above 4095 this afternoon and closes above 4095, today's market will be considered a rebound, with the decline temporarily pausing, targeting 4135 and 4180. - If 4095 is not broken, the market remains relatively weak, and attention should be paid to the 4020 support.
2. Extreme scenario below 4020: If 4020 is broken again, gold prices will head below 4000, targeting 3960.
3. Operational reminder: When the market does not follow through, adjust your mindset promptly and avoid being stubborn.
IV. Risk Disclaimer This content is solely personal opinion and does not constitute any trading advice. Financial management involves risks; invest with caution.
I. Core Background
1. Long-term trend: The overall environment in the second half of the year is bearish for gold prices. The long-term trend remains downward, with rebounds serving as opportunities for further decline.
2. Recent price review:
- Wednesday saw a decline from the 4135 level, breaking below 4090 during the European session and accelerating to 4040.
- After a rebound yesterday, prices reached 4020 again before bouncing back to around 4095.
II. Key Price Levels
- Support: 4020, 3960
- Resistance: 4095, 4135, 4180
III. Trading Logic and Operational Suggestions
1. Key watershed: 4095 is the critical watershed for today.
- If the price breaks above 4095 this afternoon and closes above 4095, today's market will be considered a rebound, with the decline temporarily pausing, targeting 4135 and 4180.
- If 4095 is not broken, the market remains relatively weak, and attention should be paid to the 4020 support.
2. Extreme scenario below 4020: If 4020 is broken again, gold prices will head below 4000, targeting 3960.
3. Operational reminder: When the market does not follow through, adjust your mindset promptly and avoid being stubborn.
IV. Risk Disclaimer
This content is solely personal opinion and does not constitute any trading advice. Financial management involves risks; invest with caution.