The short-term downtrend for gold is clear, after spiking to 4772 yesterday, it fell sharply back down, with the daily chart showing a long upper shadow, indicating continued technical weakness. Currently, gold prices have broken below moving average support, and all indicators show clear bearish signals, with limited rebound strength.



Resistance above is concentrated in the 4760-4770 range, with the medium-term key dividing line at 4800. Failure to effectively recover this level still maintains a bearish outlook. Short-term support below is at 4690-4700, with a critical defense level at 4660.

This week, focus is on US GDP and PCE core data, which may directly guide the medium-term direction of gold. Intraday trading remains primarily high short positions.

Trading reference: For rebounds at 4755 and 4780, gradually establish short positions, targeting 4680 and 4630. #黄金
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LightningUniversalGravitation
· 2h ago
Hop in the car!🚗
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