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Today’s Gold Analysis
Yesterday, gold surged but faced resistance, pulling back from high levels, with the bears continuously gaining strength. The daily chart closed weak, and the market returned to a consolidation range. This morning, the decline continued, with the overall trend remaining weak, clearly showing a sideways downward pattern.
The range-bound consolidation has been broken, rebounds are weak, resistance levels keep moving lower, and the bulls have no counterattack strength—short-term momentum is now fully controlled by the bears.
Short-term resistance focus: 4625-4640
Key strong resistance zone: 4660
Important support below: 4555-4540
Trading idea: Every rebound is an opportunity for the bears; continue to mainly short on rebounds, waiting for the next downward move to open up.
Suggest a rebound near 4620, with a target of 4580-4560-4512$BTC $ETH $DOGE #Strategy吸筹速度超挖矿两倍 #以太坊基金会解质押约4890万美元ETH #Aave联合多方启动rsETH全额资产修复计划