#台积电7月营收增长45% Cheng Jingsheng Shiban | Spot Gold Evening Analysis
The bullish tailwind brought by last week’s Non-Farm Payrolls has been largely digested throughout today. Gold prices saw technical consolidation and adjustment during the day. In the evening session, the key battle on the chart centers on the long/short contest around a critical support level.
In the evening, the near-term overhead resistance lies in the 4348 to 4365 range. 4365 is an important watershed level for whether the bulls can launch a fresh push. The first support below is 4320—pay close attention to whether buy orders can sustain/hold there. The 4300 round-number level is the medium-term strength/weakness line. If this level breaks, the current short-term rebound phase is effectively over.
In terms of strategy, continue to focus on selling the rebound at higher levels, supplemented by taking long positions on dips. When price tests the 4348-4362 area and shows rejection pressure, you may consider opening short positions, targeting 4335 first and then 4320. If support at 4320 is broken, immediately switch focus to the 4300 support and its effectiveness. Manage position sizes throughout the session and use stop-losses to respond to any unexpected intraday volatility.
The above is for personal reference only and does not constitute investment advice. Please refer to Cheng Jingsheng Shiban’s specific market plan for details!$XAU
#XAUUSD
The bullish tailwind brought by last week’s Non-Farm Payrolls has been largely digested throughout today. Gold prices saw technical consolidation and adjustment during the day. In the evening session, the key battle on the chart centers on the long/short contest around a critical support level.
In the evening, the near-term overhead resistance lies in the 4348 to 4365 range. 4365 is an important watershed level for whether the bulls can launch a fresh push. The first support below is 4320—pay close attention to whether buy orders can sustain/hold there. The 4300 round-number level is the medium-term strength/weakness line. If this level breaks, the current short-term rebound phase is effectively over.
In terms of strategy, continue to focus on selling the rebound at higher levels, supplemented by taking long positions on dips. When price tests the 4348-4362 area and shows rejection pressure, you may consider opening short positions, targeting 4335 first and then 4320. If support at 4320 is broken, immediately switch focus to the 4300 support and its effectiveness. Manage position sizes throughout the session and use stop-losses to respond to any unexpected intraday volatility.
The above is for personal reference only and does not constitute investment advice. Please refer to Cheng Jingsheng Shiban’s specific market plan for details!$XAU
#XAUUSD