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July 10 Mrs. Nacai - Gold Morning Review
Low-level rebound continues, short-term oscillating bullish
1. Market: Gold price has continued to recover from the low of 4021, currently at 4122.88. The hourly line has firmly held the middle Bollinger Band at 4110, moving average turns upward as support. Upper resistance at 4150, lower support at 4071.
2. News: Last night's US economic data was weak, and a weaker dollar boosted gold's rebound. No major data today, bullish sentiment continues.
Strategy: Buy on pullback to 4105-4110, targets 4130, 4150.
Note: The ideas are for reference only and do not constitute any investment advice. $XAUT