[Thursday, July 16 – Trading Strategy Reference for European and US Sessions]

① For the first gold long position taken this morning at 4025–30, place a protective stop at 4014. Initially monitor whether price can effectively trade above 4030 between 4:30–5:00 AM. If price remains persistently low, consider exiting near 4028–30 opportunistically.

② Today’s market action is expected to be weaker than yesterday’s. Should the support zone at 4010–14 be breached, bears may accelerate downward momentum, making it highly unlikely that the 4000 level will hold. Price could potentially test the 3980–90 range, where re-entering long positions could be considered.

③ If it directly breaks below 4012–14, watch for a potential bounce; if it rebounds near 22–28, go short immediately.

④ Tonight’s monthly retail sales data is also critical—it’s the biggest variable, so be sure to manage your risk carefully.

[This analysis reflects Xiao Jiu’s personal view only, provided for reference purposes and not as investment advice. If you find it helpful, please follow for daily strategy updates.]

$XAU/USD (XAUUSD.CFD)$

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