Friday Gold: Downward

1. Market Direction

On the 4-hour chart, the Bollinger Bands form three parallel lines, thus most likely maintaining oscillation between the upper and lower bands, making a one-sided trend unlikely. Currently, the upward pressure level is around 4571; until it breaks through, a high-altitude trading logic can be maintained. The current K-line shows two consecutive bearish candles, indicating signs of breaking below the middle Bollinger Band and the 10-day moving average support, so a bearish outlook can be maintained, or it may fall to the lower band at 4500/4450.

2. Specific Signals

On the 15-minute chart, gold forms a high at 4570 and 4559, exerting pressure on the market. As the Bollinger Bands open downward and the K-line continues to form strong declines near the lower band, the bearish trend is clear. Until the resistance levels at 4543/4560 are broken, a short position can be maintained.

Aggressive Strategy: Short below 4520, stop loss at 4530, target 4502/4488/4470

Aggressive Strategy: Short on rebound at 4542, stop loss at 4552, target 4528/4512/4488

Conservative Strategy: Long above 4575, stop loss at 4565, target 4588/4600/4623