Cheng Jie Points Gold: Short-term gold is bearish! Don't catch the bottom, wait for clear support

Family members, Cheng Jie Points Gold has a clear view: the short-term trend of gold is bearish, and the probability of a reversal upward is too low!

There are two core pressures: first, the strong rise of the US dollar, and gold is like a seesaw with the dollar; when the dollar rises, the gold price is naturally under pressure; second, the Fed's hawkish stance has not eased, worrying about repeated inflation, and expectations for interest rate cuts have cooled, greatly reducing the attractiveness of non-yielding gold.

The technical aspect is also not strong; it is currently a downtrend with high points moving down and low points moving down, and the indicators are leaning towards bearish. Don't think "it's dropped enough to bounce back"; blindly catching the bottom is like catching a flying knife!

The current thinking is very simple: do less, hold more, and focus on waiting for bottom support. Let's first see if the 4175-4180 USD range can stabilize; before a clear stabilization signal appears, it is safer to follow the trend, and protecting the principal is more important than anything else~