Gold's overall trend this week still hasn't broken free from the downward trend. First, it rose then fell; second, it fell first then rose, and continued to decline into the close. From start to finish, the trend has been maintained downward. On the daily chart, you can see the highs are gradually moving lower, and the lows are also being refreshed. The Relative Strength Index (RSI) shows a bearish trend, and the momentum has slightly shifted to bearish, pointing downward, confirming that the bears are entering and pushing the gold price lower.

On the hourly chart, the first resistance level today is around 4480-85, followed by above at 4497. The current trend clearly shows that this week's final close has been downward, so intraday, it’s better to adopt a bearish bias around the highs. If it breaks upward, then watch for the opening of the decline at 4497, and adjust based on the real-time trend. For long positions, look for lower positions to enter short-term longs!

$XAUUSD Gold: The ideal entry for shorting is around 4485, but if early trading doesn’t give an opportunity, you can also consider an aggressive short below 4480. Adjust according to the real-time trend. The target is 4440-25!