Gold price is currently near 4350. After a recent consecutive sharp decline, today is consolidating and recovering from the sharp drop. It won't plunge further, nor will it be easy to rally sharply immediately.

Daily chart shows consecutive large bearish candles downward. Yesterday explored the bottom and rebounded with a lower shadow, temporarily stopping the decline. Today overall oscillating at low levels, which is the market catching its breath after falling too much. Upper rebound to 4480-4500 will easily meet resistance and pullback. Lower, the key level is 4300. If this level holds, short-term will be consolidation; if it breaks, it will continue downward.

This wave has dropped significantly from the highs. Short-term bearish momentum is still present, just that the decline was too fast and needs consolidation.

Don't chase longs. Shorting on rebounds is safer. Remember to set stop losses and don't stubbornly hold positions$BTC $XAUT #BTC突破71000美元 #黄金创43年来最大单周跌幅 #Kalshi完成超10亿美元融资