Weak rebound after sharp decline! The 4180 critical support line barely holds, aiming for 4100!

On Friday, gold surged to 4280 at the end of trading but faced resistance and collapsed; today during Asian trading, it accelerated downward, touching the key support at 4180 before barely bottoming out and rebounding. Currently trading around 4209. Overall, the market shows a "crash and rapid decline, weak rebound and recovery" extremely weak pattern, with the bearish dominance unchanged. 4180 is the last short-term bullish defense line; once it is effectively broken, a new round of accelerated decline will begin.

Technical bearish signals dominate comprehensively: the daily TRIX trend indicator remains below the zero line, forming a deep death cross and diverging downward, indicating strong medium- and long-term downward momentum; the MACD fast and slow lines stay below the zero line in a death cross pattern, with the green momentum bars shrinking briefly but no turning point, indicating bearish momentum has not been fully released; the 5/10/20-day moving averages form a bearish alignment, suppressing the price, which remains below the moving averages, limiting rebound height; the Bollinger Bands continue to expand downward, with the price moving along the lower band, showing a very strong bearish trend. The 4-hour rebound is limited by the 23.6% Fibonacci resistance at around 4220, with the rebound highs gradually decreasing, showing the typical "rebound as energy accumulation for further decline" technical characteristic, further solidifying the daily bearish trend.

Steady strategy: short positions can be taken in the 4220–4240 and 4290–4310 zones, targeting 4170–4150; if the key support at 4180 is broken, add to short positions accordingly, aiming for the 4100 round number. Pay close attention to the 4100 support level; if broken, continue with the trend. #Gate直通韩股股票