Gold remains bearish at high levels; it is the right time to follow the trend and position accordingly

Market rhythm is hidden within fluctuations. Today, gold surged from around 4581 in the early trading session, reaching a high of 4632.60 before facing resistance and pulling back. The current price is around 4615, and the pattern of rising and falling perfectly matches the forecast.

On the news front, the US initial jobless claims unexpectedly decreased, and Federal Reserve officials simultaneously released hawkish comments, reinforcing market expectations of maintaining high short-term interest rates. This drove the US dollar index to rebound and suppress gold's movement. Meanwhile, the phased easing of geopolitical tensions further weakened safe-haven buying support. Multiple factors jointly pushed the market to decline.

From a technical perspective, on the 4-hour chart, the price encountered resistance at a key level and pulled back. The MACD indicator formed a death cross at a high level, and the three lines of the KDJ diverged downward, indicating sufficient short-term correction momentum. Support zones below are clearly visible.

Strategy-wise, directly target the 4625-4630 range to short, with a goal of 4600-4590.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Jing Sheng Shi Pan's layout for specifics. #黄金：