It’s a bit of a shame for gold—it didn’t bounce upward significantly as expected. Instead, it dropped directly due to heavy selling pressure from profit-taking. So for the short term, I’ll adjust the thinking slightly.



First, in the Asian session, focus on support around 4000. Then, if the 4000 level holds and price stops falling in the short term, look for a rebound in the European session, and then watch the resistance at 4040! $XAUUSD
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LendSpreadCatcher
· 5h ago
The 4,000 level is the current pivot between bulls and bears; if it can’t be held, the market will likely turn bearish in the short term.
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