Noon Gold Reflection

Good afternoon! This wave of gold market has turned the oscillation into a "trap for inducing buying" directly! On Thursday, it surged to 4710-4730, seeming to rise, but it couldn't hold steady and dropped sharply, repeatedly smashing through the 4660 support level, and the daily chart closed very weak. This morning was even more brutal, breaking below the critical 4660 line directly, falling all the way to 4600, with heavy volume selling off fiercely!

To put it simply, the oscillation range has been completely broken, and the bears have officially gained momentum. Now, it’s a downtrend led by the bears! Don’t expect an immediate reversal; it’s not that easy! In the short term, there will definitely be oscillations and bottoming, and emotional recovery. Trying to catch the bottom hastily is just inviting trouble! This decline is not unexpected; it’s a continuation of the trend. The likelihood is that it will remain weak, and rebounds are opportunities to short. Don’t be fooled by small rebounds! $Gold#Gold