7.10 Gold Analysis

After rebounding from the 4024 low, gold prices surged to a phase high of 4139 before entering a convergent oscillation in a high-level consolidation range. Currently, prices are under pressure below the middle Bollinger Band at 4123, with the upper Bollinger Band at 4136 forming short-term strong resistance and the lower band at 4110 serving as initial support. The narrowing of the Bollinger Bands indicates an approaching breakout window.

The multi-period RSI indicators show a stepwise decline, with RSI6 falling to 42.41. Bullish momentum continues to wane, and the indicators are gradually approaching the lower side of the neutral zone. The momentum inertia of the upward wave has been exhausted. This rebound is a secondary corrective move following the decline. During the high-level oscillation, selling pressure is accumulating, and bulls are unable to break prior highs, likely triggering a pullback confirmation structure. In terms of operations, avoid bottom-fishing at low levels. Focus on observing the effectiveness of support at the lower Bollinger Band. Once broken, it will open deeper retracement space. Strictly manage positions to navigate the directional selection.

Trading suggestion: Short at 4130-4150, target 4100-4050.$BTC $GT $SOL #GateUS合规扩展佛罗里达