4.17 Gold Analysis: Confirmed Bearish Trend, Focus on Short Selling

Weekly Level: Gold price has effectively broken below the MA20 critical support line, signaling the end of the medium- to long-term upward trend. After the MACD formed a death cross at high levels, the green bars continued to expand, indicating ongoing bearish momentum. The large-cycle downtrend is clear.

Daily Level: The 5-day, 10-day, and 20-day moving averages are arranged in a standard bearish order, with the gold price trading below all moving averages, showing weak rebounds. The MACD remains below the zero line, continuing its bearish stance, with bearish forces dominating. There are no signs of stabilization in the short term. Do not try to bottom fish or catch the bottom, avoid counter-trend long positions, strictly control position sizes, and aim for small stop-losses to capture larger profits. Maintain trading discipline and steadily profit from each wave in the bearish market.

The market never gives latecomers a chance to buy at high prices, only providing profits to trend-following traders. The current gold bearish trend is established; follow the rhythm and short sell. Convert every fluctuation in the bearish trend into real profits, which is the key to steady and sustainable trading.

Operational suggestion: Short in the 4790-4810 range, with targets at 4760-4730-4710.