Gold continues to fluctuate and weaken throughout the evening, with the lowest dip reaching 4124.10 in the early morning. It then slightly rebounds to around 4400 for consolidation. Our intraday strategy has been to go short at the right moments, and we have achieved precise gains, harvesting full profits!

From the current chart perspective, the daily price has effectively broken below the middle band of the Bollinger and the short-term moving averages. The short-term moving averages have turned downward, forming resistance, indicating a clear bearish trend. The market is still in a correction cycle and has not shown signs of stabilization. On the four-hour chart, the Bollinger Bands are opening downward, with the price dropping to the lower band and then slightly rebounding. The rebound highs are gradually declining. This rebound is a technical correction after an oversold condition, with weak momentum and no change to the downward structure. On the hourly chart, the price is oscillating around the middle and lower bands, with some short-term support, but the moving averages remain in a bearish alignment. The rebound is more of a correction and has not reversed the overall weak trend.
For gold, consider shorting around 4480-4510 and aiming for a target of 4360-4300. If broken, then look further down to 4200.