Gold experiences a sharp decline in the morning followed by a rebound!

The rebound is an opportunity to sell at higher levels.

(Author: Gold Miner Old Cat)

Last night, we emphasized a high-level outlook throughout, and the market directly broke through the expected support at 4660, dropping as low as around 4644, with the decline exceeding short-term psychological expectations.
This morning, prices slightly rebounded from the lows, currently around 4657, but the overall trend remains weak.
This rebound can only be defined as a correction after a decline; a direct reversal is highly difficult, so the morning outlook remains primarily bearish.

In terms of trading, we divide into two levels:
The first level is a light short position in the 4668-4680 range, targeting the support zone at 4650-4645; if broken, continue to watch around 4630.
The second level is a second entry to short in the 4690-4700 range, with a stop-loss set above 4705.

Disclaimer: The above content is for personal trading ideas only and does not constitute any investment advice.
The market carries risks; trade cautiously.
#黄金