Gold has broken through a key support level, with the moving averages forming a death cross pointing downward, and a bearish trend is confirmed. The price is currently testing the previous support near 4230.



In terms of trading strategy, you can wait for a rebound to the 4300-4320 area to face resistance, then decisively short. The first target is 4230, and if that breaks down, further downside targets are in sight toward 4150.
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