7.17$XAU

Yesterday, gold sold off solidly all day in a one-way drop, immediately printing a new low in nearly two weeks. The market was completely under the control of the bears—buyers had no real strength to resist. $AKE

On the 15-minute small cycle, after the price broke below 4000, the selloff clearly accelerated, and the bearish trend is already very clear. For the first support below, focus first on the 3960-3970 range; if this line of defense can’t be held either, the downside room will be fully opened, and the next move will head straight for 3900. The 4000-4020 zone above, which was previously a support area, has now flipped into a strong resistance area. Overall, the larger bearish-dominated structure hasn’t changed yet. $EVAA

Short near 4000-4020, targets 3960 and 3900
#黄金