Weak rebound after sharp drop! The 4100 lifeline is in jeopardy, targeting 4050!

Gold surged to 4180 on Friday's late trading but then encountered resistance and pulled back. Today in Asian session, it accelerated downward, hitting a key support at 4092 before a weak rebound, currently trading around 4108. Overall, it shows a single-sided downward pattern of "pullback after rally, weak support at bottom," with bears dominating the market. 4100 is the short-term bulls' last defense; if broken, further downside space will open.

Technical bearish signals dominate: The TRIX trend indicator continues a dead cross below the zero line, with triple exponential smoothing momentum accelerating its decline, solidifying the medium-term downtrend. The MACD fast and slow lines form a deep dead cross below the zero line, with the green histogram bars continuously expanding, fully releasing bearish momentum, severely compressing the rebound potential. Although the 4100 support triggered a brief technical rebound, the volume is severely insufficient, merely a weak corrective move, unlikely to change the downtrend.

Conservative strategy: Short on rebounds to the 4130–4150 range and the 4185-4205 range, targeting 4080–4050. If it breaks below 4090, directly chase short, looking at the 4030–4000 strong support area. Pay close attention to the support at the 4000 level; if it effectively breaks, continue to follow the trend.
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