July 23 Golden Morning View
After the gold price surged in the early period to the 4166 phase high, it started a pullback and correction. The current price is 4130, and the market has entered a high-range consolidation and整理 phase.
On the hourly cycle, price has been oscillating downward from the high. In the short term, bullish momentum is gradually weakening, and the RSI has fallen back into the neutral range. This correction is mainly profit-taking and a technical rebound after a sustained rise earlier; the larger uptrend has not been broken.
Key Levels
Resistance: 4145, 4166
Support: 4097, 4076
Trading Suggestions
Longs: Look for stabilization to enter in the 4100–4125 range. Targets: 4150. If there is a valid breakout, follow-through could reach 4180 and 4260.
Shorts: If price meets resistance in the 4140–4160 range, consider building shorts. Targets: 4120. If it breaks down, watch 4100 and 4050.
⚠️ Personal chart analysis is for reference only and does not constitute investment advice. Respond flexibly to live market conditions.
After the gold price surged in the early period to the 4166 phase high, it started a pullback and correction. The current price is 4130, and the market has entered a high-range consolidation and整理 phase.
On the hourly cycle, price has been oscillating downward from the high. In the short term, bullish momentum is gradually weakening, and the RSI has fallen back into the neutral range. This correction is mainly profit-taking and a technical rebound after a sustained rise earlier; the larger uptrend has not been broken.
Key Levels
Resistance: 4145, 4166
Support: 4097, 4076
Trading Suggestions
Longs: Look for stabilization to enter in the 4100–4125 range. Targets: 4150. If there is a valid breakout, follow-through could reach 4180 and 4260.
Shorts: If price meets resistance in the 4140–4160 range, consider building shorts. Targets: 4120. If it breaks down, watch 4100 and 4050.
⚠️ Personal chart analysis is for reference only and does not constitute investment advice. Respond flexibly to live market conditions.