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Gold Briefing:
Overnight, gold prices put on a failed performance of “sit-ups”: 🤸♂️. Although it struggled at the lows and managed a small rebound, trying to catch its breath, the overall downtrend is like gravity—no way to pull it back. From a technical standpoint, gold is now “under heavy pressure”: the daily chart has been printing consecutive bearish candles, pinned down hard by the short-term moving averages; the Bollinger Bands are still “opening their mouths” in mockery (downward expansion), and the focus keeps drifting lower. The 4-hour timeframe is even “just a feint”: every time it tries to rally, buyers don’t show up—once it lifts its head, bears slap it back down. Bulls have truly lost their temper right now. The news flow is also “adding insult to injury”: with CPI data and officials’ “hawkish” chatter, the dollar is being lifted to the sky, and gold can only silently cry on the sidelines. After that, with geopolitical developments and the Fed’s remarks “stirring trouble” nearby, gold is likely to continue to trade in weak, fragile oscillations in the near term. Trading suggestion (the “kill it while it’s ill” edition): 4065—4085 range, wait. First look below: 4020; if you’re bold, you can watch 3980.
All of the above is for personal entertainment and sharing only, and does not constitute any investment advice. $BTC $ETH $XAU