News: In the early Asian session on Thursday (July 10), spot gold fluctuated slightly higher, once regaining the 3320 mark, and is currently trading around $3323/ounce. On Wednesday, gold prices rebounded strongly after hitting a two-week low of 3282.61, closing at $3313.38/ounce, showing strong momentum for recovery. Trump extended the tariff agreement to August 1 and began to collect tariffs again. Although it eased market tensions, his remarks will not be extended after the expiration, and he issued tariff threats, which increased global trade uncertainty and pushed up risk aversion. The market is still facing economic and inflation concerns brought about by tariffs, which will also weaken the dollar and support gold prices.
Analysis of gold trend: After the full-day trend of gold on Wednesday, the lowest price was 3282 and the highest price was 3322, with a range of $40, so the bullish strength has come out. However, Li Siyu would like to emphasize here that gold is in a bullish trend for the time being, but it is not an absolute unilateral trend, but a fluctuating trend under the bullish trend. There are opportunities both up and down on Thursday. If it rises, you can look at 3345, and if it falls, you can look at 3285. Therefore, before there is an absolute strong unilateral rise, it is recommended that everyone keep looking at this wave of gold fluctuations. However, today's market is more important. Today is Thursday, and Thursday is often the node of the weekly change time. Today is likely to continue the rebound on Wednesday and continue to rise.
From a technical point of view, the daily line closed positive under the rebound of 3282 and stood firmly above the lower Bollinger track. If it continues to close positive on Thursday, it is necessary to pay attention to the suppression of the middle Bollinger track, that is, the high point of 3345. After breaking through, there will be another wave of rise on Friday, and you can see 3365 and 3400. Therefore, today's gains and losses of 3345 are crucial. The strong rebound in the H4 cycle is quite obvious. When it falls, it is very weak and continuous. When it rises, it is very strong and continuous. It depends on whether the continuous positive trend on Thursday will continue. Now the K-line stands firmly on the middle track of Bollinger. If it continues to rise, the high point of the upper track is around 3340-3345. In principle, the continuation of the long position will test the high point of the upper track. Therefore, it is still possible to go long today. Of course, it is not an absolute long trend now, so don't chase the rise. The support below the small cycle is around 3310-3300. If it falls back to this price, you can continue to go long. Clearly define the target. Today, we will see the gains and losses of 3345.
Analysis of gold trend: After the full-day trend of gold on Wednesday, the lowest price was 3282 and the highest price was 3322, with a range of $40, so the bullish strength has come out. However, Li Siyu would like to emphasize here that gold is in a bullish trend for the time being, but it is not an absolute unilateral trend, but a fluctuating trend under the bullish trend. There are opportunities both up and down on Thursday. If it rises, you can look at 3345, and if it falls, you can look at 3285. Therefore, before there is an absolute strong unilateral rise, it is recommended that everyone keep looking at this wave of gold fluctuations. However, today's market is more important. Today is Thursday, and Thursday is often the node of the weekly change time. Today is likely to continue the rebound on Wednesday and continue to rise.
From a technical point of view, the daily line closed positive under the rebound of 3282 and stood firmly above the lower Bollinger track. If it continues to close positive on Thursday, it is necessary to pay attention to the suppression of the middle Bollinger track, that is, the high point of 3345. After breaking through, there will be another wave of rise on Friday, and you can see 3365 and 3400. Therefore, today's gains and losses of 3345 are crucial. The strong rebound in the H4 cycle is quite obvious. When it falls, it is very weak and continuous. When it rises, it is very strong and continuous. It depends on whether the continuous positive trend on Thursday will continue. Now the K-line stands firmly on the middle track of Bollinger. If it continues to rise, the high point of the upper track is around 3340-3345. In principle, the continuation of the long position will test the high point of the upper track. Therefore, it is still possible to go long today. Of course, it is not an absolute long trend now, so don't chase the rise. The support below the small cycle is around 3310-3300. If it falls back to this price, you can continue to go long. Clearly define the target. Today, we will see the gains and losses of 3345.
Trade active
Today's overall gold trend is volatile, and it maintained a narrow sideways trend during the morning session. It was not until the US session that the real volatility was released. However, it was precisely at this stage that we achieved two-way profit harvesting in both short and long positions through precise rhythm control:🔸 First round of operations:
When the market failed to break through the key resistance area near 3330, I notified everyone in advance to short in batches in the area below 3330, relying on structural suppression to smoothly go down, and decisively stop profit at 3315 to lock in the first section of profit.
🔸 Second round of reverse operations:
Then the price received support near 3310 and the signal of stopping the decline was obvious. I immediately notified to go long near 3312-13, followed the short-term rebound rhythm to make profits again, and the long position also left the market smoothly in the target area.
📌 The core logic of this round of operations is very clear:
The technical side clearly defines the suppression and support structure, and refuses to blindly chase the rise and fall
Strictly implement the phased layout + fast-in and fast-out strategy to control risks and grasp profits
Follow the market rhythm, do not be greedy, do not gamble, and maintain trading patience and discipline
In this kind of volatile market, the rhythm is far more important than the direction. Whether you can accurately control the short-term profit space given by the market determines whether you make a profit or a loss.
If you always can't keep up with the rhythm in recent operations, or often do the opposite direction at key positions, welcome to communicate. Advance prediction + real-time execution + risk control are the core of our real stable trading.
Trade closed: target reached
The market has been volatile recently, with frequent switching between long and short positions. Many investors are caught off guard and don't know where to start. As soon as you buy, the price drops, and as soon as you sell, the price rises, and so on, resulting in continuous losses. In fact, this is a situation that many novice friends will encounter. Here I want to tell you that you need to have a precise control of the market and stick to your own trading logic. Of course, these are all empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them chase the rise and fall, which eventually leads to serious losses. Don't know when to enter the market and want to double your profits? As long as you persist, without complicated operations, the weekly profit can reach more than 100-400%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.