Gold Morning Market Analysis and Trading Strategy

The Bollinger Bands on the chart are opening downward, with the bands gradually diverging, indicating that the market bearish force is continuing to strengthen, and the trend has shifted from sideways to more bearish!

Within the 4-hour cycle, the gold price has fallen below the middle band of the Bollinger Bands, with the 4532 level forming a strong resistance. Multiple rebounds have failed to effectively break above this level. The previous high of 4580.23 forms a double top pattern, combined with two recent bearish candles, indicating that bullish momentum is lacking, and bears are now dominating the market!

Currently, the gold price is around 4518, within the bearish zone between the middle and lower Bollinger Bands. The short-term key support is seen at the lower band of 4486!

Overall, on the 4-hour timeframe, the bearish structure is clear, with 4532 acting as the dividing line between bulls and bears. Before the price rebounds and faces resistance at this level, it’s preferable to look for short opportunities; if gold volume breaks through and stabilizes above the middle band, the market pattern will revert to sideways, and trading strategies should be adjusted accordingly!

Trading Strategy: During the rebound, gradually enter short positions in the 4530-4540 area, targeting 4510 and 4500, with a stop-loss above 4545!#黄金 $XAUT