Gold Analysis & Trading Strategy | July 10

✅ 4-Hour Trend Analysis
From the 4-hour timeframe, gold has currently broken below the pivot point at 4105.41. At the same time, price is also trading below MA10（4105.74） and the Bollinger Band midline / MA20（4107.06）, indicating that the 4-hour rebound structure is starting to weaken.

Currently, there is still some distance between the price and the 4-hour Bollinger Band lower line at 4047.75, but the short-term structure has gradually shifted from high-level consolidation to a weaker pullback. The 4105–4107 area above has now turned from support into short-term resistance. If price cannot move back above this area, gold may still face the risk of further downside toward 4072 → 4048.

✅ 1-Hour Trend Analysis
From the 1-hour chart, gold has already broken below MA5（4111.03）, MA10（4117.00）, and the Bollinger Band midline / MA20（4120.58）. It has also broken below the pivot point at 4105.41, showing that short-term bearish momentum on the 1-hour timeframe has clearly strengthened.

As long as the rebound cannot stabilize back above the 4111–4120 area, the overall structure remains weak.

🔴 Key Resistance Levels
● 4105–4120: Short-term resistance zone
● 4135–4140: Short-term strong resistance zone
● 4156–4167: Structural resistance zone

🟢 Key Support Levels
● 4080–4070: Short-term support zone
● 4048–4047: 4-hour Bollinger Band lower support zone
● 4021–4020: Key support zone

✅ Trading Strategy Reference
🔰 Short Position Strategy: Watch for further downside opportunities after rebound rejection
👉 Sell Zone 1: 4105–4115
👉 Sell Zone 2: 4125–4135
🎯 Targets: 4072 → 4048 → 4021 → 3989

⚠️ The short strategy mainly depends on whether price is rejected in the 4105–4120 area. If the 1-hour candle continues to close bearish after a rebound, or if a long upper shadow appears, it would indicate that upside pressure remains strong and bears may continue to test lower support levels.

🔰 Long Position Strategy: Avoid blindly buying the dip for now; wait for support confirmation
👉 Buy Zone 1: 4072–4070
👉 Buy Zone 2: 4048–4047
🎯 Targets: 4105 → 4111 → 4120 → 4136

⚠️ For long positions, it is better to wait until price pulls back to key support and shows clear stabilization signals, such as a 1-hour bullish reversal candle, a long lower shadow, or slowing downside momentum on MACD, before considering short-term buying.

🔔 If you find my analysis helpful, please like, share, and stay tuned for future updates. Your support is my motivation to continue sharing professional insights. Wishing everyone smooth trading and steady profits!