7、10 Morning Market Analysis & Trading Strategy:

Yesterday, gold prices continued the oversold rebound, and after moving into a range-bound consolidation at high levels, today’s morning session has maintained narrow-range fluctuations.
Today’s opening price is 4124.87, the intraday range is 4114.39–4131.05, and the current price is 4125.89.
The 1-hour moving averages 5/10/20 are aligned bullishly. The short-term MA support zone is 4116–4124, and the strong overhead resistance is 4138, the prior high.
The short-term bullish trend is still intact, but after consecutive rebounds, bullish momentum has eased, and the market has entered a high-level consolidation phase to digest the move; there is currently no breakout driver.

Suggestions:
If the 4110–4080 MA support zone stabilizes and closes with a bullish candle, you can enter a long position. Targets: 4131 and the 4138 resistance level! #黄金 #黄金行情 #XAU