7.14 Gold Capital Gold Early News: Gold suffers a cliff-like plunge! The 4,000 level is in danger—can the bulls still be saved?

Yesterday, gold opened lower and continued to decline. In the Asian and European sessions, it stayed range-bound and consolidated between 4060-4100. In the US session, the bears suddenly gained strength, and the price plunged in a straight line, breaking through 4050 and 4020 multiple supports in succession, with a low of 3986. The single-day drop exceeded $130. It is now in weak consolidation near the 4,000 level.

News: Fed officials repeatedly released hawkish signals, and market expectations for rate cuts cooled again. The US dollar index rebounded strongly, directly weighing on the precious metals’ price action. Meanwhile, global risk sentiment improved; funds flowed out of safe-haven assets and into equities, and gold faced a wave of concentrated selling. Tonight, the key focus is the US CPI data, which will guide expectations. If inflation comes in hotter than expected, it will further pressure the gold price.

Technical analysis: On the 15-minute timeframe, after price broke below the lower Bollinger Band, it rapidly oversold. The MA moving averages are in a bearish alignment, capping and suppressing rebounds. The 4,000 integer level has become the short-term pivot between buyers and sellers; if it breaks, price may further test the 3,960 support. Overhead resistance is in the 4030-4050 range. If rebounds fail to break above it, the high-to-short idea remains dominant.

Trade reference: On rebounds from the 4010-4030 zone, open shorts in batches, with targets at 3980 and 3950. $XAUT