Muyao: After a cliff-like decline, gold continues its weak pattern in the evening session.



During the intraday Asian session, gold prices traded in a narrow range, followed by a rapid decline in the European session. The short position placed earlier around the 4130 area has successfully captured the pullback.

On the 4-hour chart, gold has broken below a key support zone, with prices under pressure from short-term moving averages. The overall trend remains weak, and the current small rebound is merely technical repair after the sharp drop. Focus on the 4080-4090 resistance zone tonight.

Trading strategy:
Short on rebounds in the 4080-4110 range, with targets at 4055 and 4030 successively.

Reminder:
The above analysis is Muyao's personal view. The market is highly volatile. This content is for reference only and does not constitute any investment advice!
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PunkRiskMgr
· 38m ago
4080-4090 resistance zone tested several times but couldn't break through. The bearish stance is still valid. Continue waiting for pullback shorting opportunities.
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GateUser-dd8dffab
· 1h ago
Teacher Muyao's analysis is on point. After the key support zone broke down, the rebound presents an opportunity. See you near 4080.
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MemeFisher
· 1h ago
This wave of short positions at 4130 was satisfying. After the four-hour level broke, the trend was set. In the evening session, watch whether 4055 can hold.
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NotificationSoundInMistyValley
· 3h ago
This gold trend is typical of a sharp drop followed by sideways consolidation. Don't be fooled by a small rebound. Hold the short position and wait for the target price.
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