7.22 Evening Gold Market Analysis
The daily-level bullish trend is still intact. After a short-term adjustment and repair, the market is likely to maintain range-bound consolidation during the Asian/US evening session.
The morning rally has already priced in the rate-cut expectations in advance. Tonight there is no major economic data; price action will mainly follow technical signals. Geopolitical risk hedging support is holding the downside space, so there is not much chance of a sharp drop in gold prices.
On the 4-hour timeframe, the market surged and then pulled back. Indicators are gradually repairing, the Bollinger Bands are tightening, and price has entered a box-range consolidation. For resistance, refer to the intraday high; support is also moving higher.
Trading idea:
If price rebounds to 4130-4140 and meets resistance, place short orders. Stop loss: 4150. Targets: 4100 and 4080#黄金
The daily-level bullish trend is still intact. After a short-term adjustment and repair, the market is likely to maintain range-bound consolidation during the Asian/US evening session.
The morning rally has already priced in the rate-cut expectations in advance. Tonight there is no major economic data; price action will mainly follow technical signals. Geopolitical risk hedging support is holding the downside space, so there is not much chance of a sharp drop in gold prices.
On the 4-hour timeframe, the market surged and then pulled back. Indicators are gradually repairing, the Bollinger Bands are tightening, and price has entered a box-range consolidation. For resistance, refer to the intraday high; support is also moving higher.
Trading idea:
If price rebounds to 4130-4140 and meets resistance, place short orders. Stop loss: 4150. Targets: 4100 and 4080#黄金