Today gold dropped 1%, breaking below 4200, and the bears are cheering. But I see this as a fake fall.

Geopolitical easing? Negotiations could fluctuate at any time. Rate hike expectations? The market has already priced it in. What really matters is that global central banks are quietly stockpiling gold—45% plan to increase holdings next year, Citibank sees 4500, and Barclay’s sees 4800.

The technicals are also speaking.

On the daily chart, RSI is approaching the oversold zone at 30. Every time it enters this area, over 80% of the time it triggers a decent rebound. On the 4-hour chart, the MACD green bars are starting to shorten, indicating that bearish momentum is clearly weakening, and a bottom divergence pattern is forming—price makes new lows, but indicators don’t follow—this is a classic sign of bearish exhaustion.

Below, the 4140-4100 zone is a strong support band, which has held three times this year without breaking, with the bottom gradually rising. The first resistance above is at 4220, and a breakout could target 4300.

After a sharp decline, there’s often a sharp rise. This bull market isn’t over; it’s just a mid-game break. 👊
Trading suggestion: wait for a pullback to 4120-4130 to buy, with a target of 4160; if broken, look toward 4200. $BTC $ETH $SOL