Hua Zai’s Morning Gold Outlook

Good morning, family members ☀️
The market is tight as accommodative policies continue to be released, the easing cycle is adjusted later, the US dollar index-related indicators are staying at high levels. Geopolitical risk-aversion sentiment is gradually cooling off, and as the upward support for gold prices weakens step by step, the overall bearish trend is clearly in view.

The daily and 4-hour moving averages continue to press downward. Any rebound is only short-term consolidation and repair, not a trend reversal. Resistance has been tested multiple times overhead without allowing prices to rise further; the bulls do not have enough follow-through strength. The chart continues to oscillate and weaken, while downward momentum keeps building.

Price factors are driving market sentiment; the medium- to long-term gold price overall remains under pressure, and the downtrend pattern is unchanged.

Trading suggestions:
4610-4630: Buy on rebounds and go long at high levels

Targets:
4550-4570

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