July 20–24 National Day holiday weekly review summary

This week, gold started a rebound from a low level and began repairing the trend. After rallying to a high and touching the 4166-week high point, it then went through a phase of pullback and adjustment. This week’s gold price range had a high of 4166 and a low of 4022. The weekly chart ultimately closed with a long upper-wick consolidation candle, which overall falls under a technical correction/repair行情 after a run-up.

This week’s market moved through four complete stages: recovery from the low level, a pause after being overbought at higher levels, pullback and adjustment from the high level, and further consolidation and repair at the low level. The pace of the行情 was mainly driven by the profit-taking of high-level positions, the rotation of market sentiment, and the game between long and short capital within the range. The corrective move after the earlier series of rallies has fully taken shape, and the upward momentum of the larger cycle has temporarily entered a consolidation and sideways-repair phase.

07.20 (Monday) bulls continue the uptrend, steadily opening up room for gains

Gold price continues to rise supported by low-level support. It undergoes steady intraday consolidation with a gradual upward trend, while the momentum of the bulls’ repair continues to be released. During the session, pullback strength is relatively weak; support below gradually moves higher. The price is slowly approaching the key resistance zones at 4113 and 4166. In the short term, the bullish structure is clear, and the atmosphere for market recovery is strong. Risks from a high-level retracement are still building, as prices edge toward those resistance areas.

07.21 (Tuesday) bulls continue to push higher, touching the intraday high; signs of stagnation at high levels appear

The upward momentum continues. In the short term, a rapid rally pushes prices to refresh this week’s high at 4166, and multiple technical indicators simultaneously enter overbought territory. The market’s inclination to chase the rally gradually cools, with more profit-taking from high-position holdings. Upward momentum keeps weakening, and the short-term risk of a pullback from high levels keeps accumulating.

07.22 (Wednesday) high-level rhythm shift; the turning point takes shape, starting a pullback and correction

Following the previous day’s high-level stagnation pattern, the market lacked the strength to refresh new highs. Resistance overhead continues to increase. Gold price has broken below multiple short-term supports in succession; the downward correction has widened. The short-term chart rhythm has fully switched, entering a weak consolidation phase.

07.23 (Thursday) weak momentum continues; testing at low levels; shows a technical rebound after an oversold drop

Price continues to fall to probe the key low-range area at 4022. Bearish momentum is fully released, while the strength of lower-level support increases somewhat. The pace of the decline gradually slows, and the chart shows a technical rebound after overselling. However, the overall recovery strength is limited—it only serves as short-term stabilization during the decline, and it does not change the short-term weak structure.

07.24 (Friday) low-range consolidation; rebound faces pressure; bulls and bears engage in minor tug-of-war

Intraday maintains a narrow-range repair and choppy consolidation. The price rebounds to test the resistance area around 4076 but fails to stand firmly above it. The chart enters a balanced tug-of-war between bulls and bears; intraday price range narrows with no clear continuation direction. Going forward, wait for a breakout from the range. Focus on whether the support at 4022 below and the resistance at 4076 above are effectively broken, to judge the rhythm of the next market move.

This week’s trading reflections

This week’s market rhythm has switched quickly—alternating between rallying to highs and then falling back. The market structure changes rapidly. If you blindly follow emotions and trade, it’s easy to fall into a repeatedly passive situation.

Near the end of a trend, avoid chasing aggressively or guessing tops and bottoms during structural adjustments. The core of trading is to wait for clear signals—then look for opportunities based on the shape changes of key support and resistance levels. Always stick to the risk-control bottom line, respect structure changes on the chart, and respond calmly in line with the trend to maintain a steady rhythm as the market rotates.

Disclaimer: This article is only my personal market review record, technical trend sorting, and experience summary. It is for learning and reference and communication only and does not constitute any basis for entering trades or any trading advice.