After the day’s open, gold rose slightly, then met selling pressure and pulled back. Today, it opened lower and kept drifting lower, confirming that bullish momentum at the high level has exhausted. As repeatedly noted before: pushing higher doesn’t have the ability to sustain further gains; rebounds are only a tactic to lure longs. The high level is definitely not the starting point of a new uptrend, and the swing-stage bearish outlook remains unchanged.

On the hourly line and the 15-minute chart, both cycles turn downward in sync: rebound highs keep moving lower, overhead pressure is solid, and the weak corrective recovery is over. Bearish follow-through keeps strengthening, and a downside channel has opened.

Continue to hold the “Si swing” bottom-position, don’t leave the trade easily. The long-term targets remain unchanged. On a modest rebound, don’t exit lightly! $XAU #GateCard消费返现最高8%