Enze: Single-Day Plunge Exceeds 8.7%, Gold Records Largest Drop in Nearly Forty-Three Years

The Fed's hawkish stance is firmly entrenched, gold has dropped significantly, support levels have been breached consecutively, and bears are controlling the market. The high interest rate cycle continues, with the US dollar and US Treasury yields rising in sync. Massive capital outflows have caused gold prices to break through levels repeatedly, showing a one-sided downtrend.

Following an early morning gap-down yesterday, prices rebounded to the 4537 level before plummeting sharply. Bottom-fishing funds exited, with the lowest touch at 4097, representing a daily decline exceeding 8.7%, nearly erasing all gains from 2026, and marking the largest single-day drop since March 1983. Daily charts show consecutive large bearish candles breaking support; hourly Bollinger Bands have widened significantly downward, with gold prices running weakly along the lower band and lacking strength in rebounds.

After a sharp 60-point drop in early trading today, prices rebounded strongly, returning near 4450. The overall trend remains bearish; it is recommended to wait for rebounds before trading lower. Attention above on 4500-4510 short-term resistance, 4550-4580 key resistance, and focus on the 4600-4635 bull-bear dividing line; attention below on 4100-4110 key support. Operations should primarily trade lower on rebounds, with real-time tracking during consolidation.

Gold Trading Strategy:
Sell on rebounds at 4500-4520, add shorts at 4530-4550, stop loss at 4590, targets at 4300-4320.

Disclaimer:
The above analysis is Enze's personal analysis for reference only and does not constitute any investment advice!