Last weekend we mentioned: It's not yet time for a reversal; just because there are a few small bullish candles doesn't mean it's going to rise. As long as the gold price doesn't break 4700, the weak downward trend will continue, and it's highly likely to explore the range of 4300-4200 in the future.

As soon as the market opened this morning, gold plummeted like a waterfall, crashing from 4536 all the way down to 4320, dropping over two hundred dollars in a day, and in two days it fell more than 500 points, breaking through the key levels of 4600, 4500, and 4400.

The market movement has been exactly as we anticipated; this is the power of the trend! The current rebound is merely a correction of the overselling, not a reversal. Moving forward, we will primarily focus on high positions during rebounds, with low positions during pullbacks as a supplement. Don't rush to catch the bottom; following the trend is the way to go! #黄金 $XAU