6.25 XAU — Jingyi’s Thoughts

Yesterday, gold used 4145 as the bull-bear dividing line and continued to move downward in a one-way trend. The Asian session opened low and kept falling; the European session extended the decline. Ahead of the U.S. session, a waterfall-like drop hit, pushing the price below the 4000 level in one move. The three key support levels at 4400, 4100, and 4000 were lost one after another, and in the short term there’s no sign of a bottoming out.

After the Fed’s decision was released, gold prices continued to weaken as the market repriced expectations. Many traders gave back profits from half a year. The market highs keep shifting lower, and the price has stayed under pressure below the trend line; every rebound is only a pause within the downtrend. Risk is extremely high when bottom-fishing and going long. There’s no need to predict in advance whether the move will drop to 3900 or 3800—just follow the trend shown on the chart.

In terms of trading, continue to short within the 4010–4020 range on rebounds. The first targets to watch are 3950–3960; if these break, look toward 3925–3935. Until the trend reverses, stick with shorting in line with the trend and base decisions on the current market conditions. #0成本拿2股SK海力士