Gold Evening Analysis

The 1-hour cycle chart shows a complete establishment of a bearish trend, with the market moving into a standard downward channel. The previous high of 4629 has formed a strong resistance barrier, with multiple rebounds being suppressed and falling back. Highs and lows continue to move downward in sync, and the bearish dominance remains unchanged.

During the decline phase, selling momentum continues to increase, with bearish candles dominating the chart. Bullish rebounds are weak and lack persistence; each small rally is quickly crushed by the bears, continuing the downward cycle with no signs of reversal.

In the late trading session, the price hovers around 4560 at a low level, merely a brief pause during the decline. There is no capital support or sign of a bottoming out, so the bearish trend is likely to continue.

Trading Recommendations

Long position: Stabilize around 4535-4550 for entry, stop loss below 4520, first target at 4580, break above for a move to 4680.
Short position: Short at 4580-4590 with pressure, stop loss above 4600, first target at 4540, break below for a move to 4450.