Current trend positioning: Gold price closed below the previous upward channel, and the market is likely to enter a range-bound and weak trending in the future



Core reference levels:

Lower support: 4125 (yesterday's US session low), 4080-4050 range

Upper resistance: 4200 (yesterday's rebound high), 4250-4270 daily resistance zone

Today's key levels and trading strategy

1. Downside risk trigger: If 4125 support is lost, it will further decline towards the 4080-4050 range
2. Bullish signal trigger: If it recovers above 4200, bulls will return to the upward channel, potentially targeting 4250-4270
3. Current trend judgment: Before a valid breakout above 4200, the overall market will remain range-bound and weak
$XAUUSD
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