7.15 Noon Market
From the current trend chart, the overall trend shows a clear downward tendency.
The moving average system is diverging downwards, with short-term moving averages continuously suppressing prices. The area between 118200 - 118300 has formed a clear resistance level, and previously, when prices rebounded to this area, they encountered resistance and fell back, indicating that selling pressure in this area is quite heavy.
The support level below is in the range of 115500 - 116000. If this level can be effectively defended, it will provide a certain foundation for stabilization and prevent further price declines. However, if this support range is broken, the market may further explore downward.
Lightly short in the 118200 - 118300 range, with a stop loss set above 118500, targeting 117000 - 116500;
In the 115500 - 116000 support range, go long with a stop loss set below 115200, targeting 117500 - 118000.