Gold analysis and operation strategy on July 23:GOLD / US DOLLARPYTH:XAUUSDGold_Entry_Point 1. Gold fundamentals analysis: On Tuesday (July 22), spot gold rose strongly for the second consecutive day, and once again broke through the psychological barrier of $3,400/ounce, attracting market attention. This rise mainly benefited from the continued fermentation of geopolitical tensions in the Middle East, the market's risk aversion sentiment heated up, and the surge in gold demand. However, in the medium and long term, whether gold prices can continue to rise depends on the further development of the situation: If the situation eases and risk aversion subsides, gold will face correction pressure; If the conflict intensifies, it may trigger a new round of risk aversion, and gold prices may even break through the historical extreme target of $4,000/ounce. In addition, the US dollar index will maintain high volatility in the short term, and the decline in US bond yields will also support gold prices. 2. Technical analysis of gold: From the technical structure, gold still maintains a short-term oscillation and bullish pattern, and is currently running within the rising channel: It rose slightly in the early Asian session on Tuesday, but was still limited by the 3401 line; It fell back to test the 3382-3383 support area (trend line + channel lower rail resonance position), and temporarily obtained effective support; 🔎Key technical position reference: Technical point description Upper resistance 3420, 3430, 3445-3455 (key point) Lower support 3382-3385 (key support), 3365 (risk signal of breaking down) Structural judgment The rising channel has not been broken, and it is still bullish 3. Gold intraday operation strategy (July 23): ✅ Operation idea: mainly low-level longs, supplemented by high-level shorts on rebounds ✅ Long-order stable strategy 3380-3385 Long in batches Stop loss 3372 The first target above is 3412; the second target is 3430 Key support area, channel bottom resonance, low-long main idea ⚠️ Aggressive buying and long. After the correction and stabilization near 3400, you can lightly long. Stop loss below 3388 3420-3430. If it stabilizes above 3430 before the US market, it is expected to continue to rise ⚠️ Short shorting 3445-3455 area short shorting above 3460 3420-3410 short-term strong pressure position, suitable for short-term correction Fourth, risk control and operation suggestions: Operation must strictly set stop loss, control position, and avoid losses caused by high-level shocks; Gold market often breaks out in the US market, it is recommended to focus on this time window; If 3380 is lost and effectively broken, it may turn into a weak shock structure, and the idea should be adjusted at that time; Geopolitical news is sudden, it is recommended to flexibly adjust positions to avoid excessive heavy positions and gamble on the market. ✅ Today's strategy summary: Main theme: Bullish but not chasing the rise, mainly buying on pullbacks, and assisting with rebounds and high altitudes. The current gold price is fluctuating upward with the support of 3382. Once it stands firm at 3430, it is likely to hit the 3450 area. It is recommended that traders mainly arrange long positions around the support, and consider shorting if it approaches 3445-3455. Overall, treat it with a bullish mindset, but maintain flexible defense.