Gold prices fall as expected! Sell ​​position target 4730

Gold prices fall as expected! Accurately positioned the 4730 short position and made a profit of over 170 points!

A few weeks ago, Wall Street was confident about the Fed’s easing policy, as markets expected rates to fall below the current range of 3.5% to 3.75%. However, the reality is exactly the opposite. The risk of rising inflation still exists, and the Fed’s hawkish stance has become more severe, “more cautious after the first mistake.” 🦅

The general market outlook has quietly changed: “The next policy step will be to raise interest rates, perhaps in the first half of 2027.” Even if there is room for an interest rate cut this year, the rate cut may only be 25 basis points, and will be concentrated in December. The situation of not cutting interest rates at all, but directly raising interest rates cannot be underestimated. ⚠️

As macroeconomic trends become established, gold prices follow suit. 👇

📊Recent gold price analysis: Today the gold price first rose and then fell, completely consistent with the early trading forecast! ✅

The market rose to around $4,736 in early trading, but encountered resistance and pulled back. Sellers quickly took control of the market, pushing the price to $4,551, a drop of nearly 200 points in one day! 💥

📉Daily chart:

A series of large bearish candles broke above all major moving averages (5-day, 10-day, and 60-day).

The moving average system shows a downward trend, confirming the continuation of the downtrend.

The MACD range continues to expand and shows no signs of weakening downward momentum.

Although KDJ is oversold, there is no sign of bottoming out. This is a typical market situation of “too low to sell short, but not over yet”. 😤

📉 Short term chart:

The $4,735 level has emerged as a strong resistance for any intraday rally.

The $4700-4750 range forms a dense resistance area.

Support at $4,600 is almost non-existent; any move below this level would target the medium-term support at $4,500.

The downgrades may be over! 🚪

💡Market Outlook: Although there may be a slight technical correction in the short term, the upside potential is very limited and it is difficult to break through the $4,750 resistance level. The downtrend remains; follow the trend!

✅ Review trading performance
Today’s specific offers:

First transaction: sold for 4730💥

Second trade: In addition to selling the position at the 4687 level 🔥

Both transactions successfully took advantage of the downward wave and made profits in the 4600-4560 range, achieving a profit of more than 170 points! 🎯💰

The market environment is constantly changing, but our strategy remains the same. We don’t try to predict the bottom, we don’t try to catch the bottom, we just follow the trend. 🦁

🎯Market strategy

Theme: Sell at a higher price and go with the trend!

🔺Resistance level: 4630 → 4740

🔻Support level: 4500 → 4400

Trading Tips:

If you encounter resistance, you can consider selling near 4630.

For more conservative traders, wait for the 4650-4680 range to place a sell order.

Place a stop loss order above 4750.

Target: 4550 → 4500

❌Don’t try to buy the dip just because prices have dropped significantly.

•Remember: personal bias is worthless when it comes to trends.

✍️Summary:

This market is full of opportunities, but it lacks the calmness, discipline and courage to keep up with the trend.

If you spotted a downtrend today, congratulations!

Don’t worry if you missed it, once a trend forms, it doesn’t end easily.

📩 Want more real-time strategies? Do you want to make up for your previous losses?

You are welcome to contact me directly. I will accompany you step by step firmly and confidently.

Follow me and like this post and I’ll guide you to your next opportunity! 🚀🔥💰