Gold Brief Discussion

The current gold market is generally showing a weak overall trend, with multiple bearish factors intertwined and resonating, continuously exerting strong pressure on the market. Amid the concentrated release of bearish sentiment, gold prices have effectively broken below the key support level of $4,100 per ounce, signaling that the downward channel has been thoroughly opened, and the trend is gradually probing towards the core support around $4,000 per ounce.
From a technical structure perspective, although there are occasional small-scale technical rebounds on the hourly level, the bullish momentum is extremely weak, and the rebound space and strength are both very limited. This weak correction is unlikely to fundamentally reverse the current downtrend, serving more as a brief respite within the bearish trend.
Against this backdrop, the potential risks of blindly bottom-fishing are very high. In a clearly bearish dominant pattern, it is advisable to follow the trend to avoid unnecessary losses caused by trend inertia. The market is still searching for a bottom, so it is recommended to remain cautious and patiently wait for more definitive signs of stabilization.

Around 4150-4180🈳, watch: around 4100-4060
All above are personal opinions and do not constitute any investment advice.
Many aspects of life are actually like suspense novels, with twists and turns. You think it’s going to end badly, but in the next chapter, happiness arrives.

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