Bears are going berserk! Gold plunges by more than 100 points in a single day; any rebound is a short-selling window

Yesterday, gold moved in a one-way decline throughout, with the bears firmly controlling the market rhythm. The selloff has temporarily slowed, and the price has entered a period of narrow-range consolidation at lower levels, but the overall bearish tone has not been reversed.

Market expectations for a Fed rate cut cooled again, and the US dollar index rebounded strongly in step, directly weighing on gold from the pricing side. $XAU

On the 30-minute timeframe, price had been moving along the lower BOLL band all the way down; the short-term moving averages have formed a complete bearish alignment, and the rebound suppression has been significant. Currently, the MACD green histogram has started to narrow, and there is a need for short-term oversold correction.

Short around 4060-4080, targets 4040 and 4000
#SEC警告链上借贷或涉证券监管