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Yesterday, the bears firmly suppressed the gold price, and the market continued to fluctuate and weaken. The short positions laid out yesterday successfully gained 70 points in profit, and this morning's phase is currently consolidating with low volatility.
The slight rebound in the early hours is just a technical correction after an oversold condition, and the overall downward trend has not changed. The strong resistance at 4150 and 4180 blocks the upward movement, with 4130 serving as this week's key dividing line between bulls and bears. The main bearish trend remains solid, making it difficult for the rebound to create space. The hourly downward channel continues intact, with weak buying momentum from the bulls, and reversal conditions are not present.
Trading reference: When the price rebounds to the 4120-4140 range, go short accordingly, with partial targets at 4080 and 4050, and the ultimate lower target at 4000. Place stop-loss orders at around 4155. #黄金