The price of gold is experiencing a downturn after failing to establish a new 反抗 level on the hourly chart. Although there was an attempt to break through the 看跌 structure that was limiting price movement, this effort was unsuccessful, leading to a subsequent decline. This situation indicates that the 卖家 maintain a strong hold, while the buyers have not managed to uphold the upward momentum. Selling pressure has increased as the price has fallen back below the Moving Average (MA) line, which now trends downward and confirms the continuation of a short-term 看跌 偏见。
From a technical standpoint, the Commodity Channel Index (CCI), which has dipped from the overbought area, provides an additional signal that the potential for a correction remains. The failure of the price to hold above the 反抗 also suggests a weakening buying power, thereby increasing the chances of a decline towards the next 支持 area. As long as the price cannot break through and sustain above the main 看跌 structure, it is anticipated that selling pressure will continue to dominate gold’s movement in the near future.
Breaking support 从 上升楔形 pattern has turned into an important technical signal that gold may continue its downward movement this evening. This breakthrough reflects a weakening buying momentum and an increasing selling pressure following a relatively long consolidation phase. If this trend persists, gold may test the low levels around 3,967 on the 15-minute chart, prior to any potential price reaction or technical 反弹 in that area.
技术参考： 卖 while below 4,033
Potential Stop Loss 1: 4,025
Potential Stop Loss 2: 4,033
Potential Take Profit 1: 3,976
Potential Take Profit 2: 3,967
