Product: Gold

Code: XAUUSD

Thursday Gold: Downward

1. Market Direction

In the 4-hour chart, gold broke below the support at 4453, ending the continuous consolidation, and the market chose to break down. The downward trend has begun. Currently, the candlestick remains below the 10-day moving average line. Until it breaks through the high point of the large bearish candlestick at 4466, the bearish logic can continue, or it may test the 4300 level.

2. Specific Signals

In the 15-minute chart, gold repeatedly failed to break through the 4466 resistance level, so the upward pressure is at this level. Until it breaks through, short-term bearishness remains. As the Bollinger Bands widen and the bearish candles continue to decline, gold may break below the previous low of 4400. Continue to maintain a short position in the short term.

Aggressive approach: rebound to 4445 short, stop loss at 4455, target 4433/4417/4400

Aggressive approach: rebound to 4425 short, stop loss at 4435, target 4405/4372/4350

Conservative approach: break below 4390 short, stop loss at 4400, target 4375/4350/4326

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