Gold 4-hour resistance point fluctuates, shorts come

前天

On Thursday (July 10), the 4-hour resistance point of gold price was formed before the US market. The logic of shorting at the resistance point can be considered. Spot gold maintained a strong trend in the European session, trading around $3,330. Although US President Trump's remarks on imposing a new round of tariffs on many countries triggered safe-haven demand, the FOMC meeting minutes showed differences in the path of interest rate cuts within the year, making gold bulls still cautious.

Spot gold continued to retreat after the previous high of $3,499.83, and has been blocked below $3,451.14 recently, forming a relatively obvious box consolidation structure. The current price is running below the middle track of the Bollinger Band at $3,343.69, indicating that the upward momentum of the bulls is weak. Analysts believe that the short-term key support level is at $3,250, which forms a resonance support with the previous low of $3,247.87. If it falls below, it may increase the downside risk.

前天

交易進行

Personal operation analysis:



Trend: Oscillating downward trend

Support: Near 3270.00

Resistance: Near 3305.50

Strategy:

View logic: Short view near 3330, stop loss 3338, take profit 3305----3270, trailing stop loss 300 points

前天

交易結束：目標達成

Perfect prediction: Gold reaches 3329 and then pulls back, currently earning 13 points