Brother Ling's Personal Analysis of Spot Gold Afternoon Strategy

This morning, gold prices faced resistance at 4020 and continued to weaken, breaking through the 4000 level and the previous support at 3960, with the lowest dip to 3940, once again hitting a new low for this round of decline, as bearish momentum continues to be released.

The daily chart shows a brief rebound without sustainability, with moving averages in a bearish arrangement, and gold prices moving within a standard downtrend channel; the 4-hour moving averages continue to decline, with highs and lows moving lower, and the bearish trend is solid.

Key resistance above: 4000, 4050, and 4200 are the watershed for trend strength; only an effective breakout can turn the trend bullish.

Trading strategy: Primarily sell on rallies; do not easily bottom-fish.
On a rebound, short near 4010, target 3960‑3930