After the weekend break, gold bulls have shown no resistance whatsoever. Yesterday, the price plummeted from around 4540 all the way down to 4124, a one-sided sharp decline of over 400 points! Our early-planned high-short strategy once again precisely captured the rhythm, with profits securely locked in.

From the chart structure perspective, daily level: price has effectively broken below all moving average support, moving averages are in full bearish alignment, and the major downtrend has become established; currently oscillating at low levels is merely technical correction, which has not reversed the core bearish structure. 4-hour level: price continuously faces pressure below the midline, with extremely weak rebound strength, each rally higher presents a better shorting opportunity, the medium-term downtrend channel remains intact. 1-hour level: although short-term rebound momentum exists, upper moving averages provide layer-upon-layer resistance, rebound space is strictly limited, and the essence remains weak correction.

Gold rebounds at 4450-4480 zones to short, targeting 4320-4230, if broken look for 4100#成长值抽奖赢金条 $XAU