Gold: Looking at this 4-hour chart, this is a very typical "breakdown and capitulation" market movement.
The Bollinger Bands have shifted from support to resistance, with the opening downward—this is a classic signal of an established bearish trend. Price has continuously broken through the middle band and lower band, indicating extremely heavy selling pressure above, with bulls having no power to counterattack.
The last candlestick directly broke through the 4300 round number level, with lows probing to 4124. The appearance of this "long lower shadow" often signals the entry of support buying, but it could also be a "bear trap" or a surge of panic selling.
Although KDJ is at low levels, the J line still shows signs of downward divergence; MACD has executed a bearish cross with expanding green columns, indicating downward momentum has not yet been exhausted. The exact location of the "bottom" remains unconfirmed for now.
When Bollinger Bands are opening downward with price breaking below the lower band, "bounces are opportunities to go short."
Today's recommendation: Short around 4300-4370 on bounces; target support at 4175-4120; if the previous low breaks, continue monitoring 4050-4000.
Gold: Looking at this 4-hour chart, this is a very typical "breakdown and capitulation" market movement.
The Bollinger Bands have shifted from support to resistance, with the opening downward—this is a classic signal of an established bearish trend. Price has continuously broken through the middle band and lower band, indicating extremely heavy selling pressure above, with bulls having no power to counterattack.
The last candlestick directly broke through the 4300 round number level, with lows probing to 4124. The appearance of this "long lower shadow" often signals the entry of support buying, but it could also be a "bear trap" or a surge of panic selling.
Although KDJ is at low levels, the J line still shows signs of downward divergence; MACD has executed a bearish cross with expanding green columns, indicating downward momentum has not yet been exhausted. The exact location of the "bottom" remains unconfirmed for now.
When Bollinger Bands are opening downward with price breaking below the lower band, "bounces are opportunities to go short."
Today's recommendation: Short around 4300-4370 on bounces; target support at 4175-4120; if the previous low breaks, continue monitoring 4050-4000.