Bullish ADP data, but Gold Fails to Rally: Short it!GOLD (US$/OZ)TVC:GOLDMr-K001The first half of 2026 for commodities such as gold, silver, and oil has concluded. Most precious metal prices rose sharply before falling back in the first half of the year. Spot gold fell by more than 7%, dropping over $1,500 from its all-time high for the year; spot silver fell by about 18%, more than halving its all-time high for the year; spot platinum fell by more than 24%, and spot palladium fell by nearly 25%. Base metal LME copper prices hit a new high for the year, rising 7% in the first half; LME aluminum rose 3.7%. Oil prices, which were driven up by geopolitical conflicts, have fallen sharply from their highs but still maintained an upward trend for the year, with WTI crude oil rising 21.6% and Brent crude oil rising 20%. Gold is trending lower around its lows, with the previous support level around 3960. A small long position can be attempted upon the first touch of this level. However, if this level breaks, there is no suitable support nearby, making it unsuitable for bottom-fishing. Gold Trading Strategy for Today: 1. Short positions can be attempted around 4035-40, with a 10-point stop-loss, targeting 30-50 points or more. Only a small position should be attempted upon the first touch of this level. 2. Long positions can be attempted around 3960, with a target of 30 points or more, and a stop-loss of 8-10 points. Strict stop-loss orders are essential for any long positions.