#XAU Gold broke below the previous day's low as expected yesterday, then extended its decline to a new low of 3980. After a slight dip following this morning's open, it staged a small V-shaped rebound and began a corrective recovery. First, let's clarify today's outlook:
1、The 4-hour double-top structure is fully formed, confirming that the rebound has ended. Support at 4130 has been broken again, and there is still $100 of downside potential. Bears may be preparing to accelerate again. Watch 3950 and 3930 below.
2、Look for a rebound and corrective recovery first today; consider a short-term long position, but the main strategy is to sell into the rebound. Watch the 4010/4030 area for a rebound during the day.
1、The 4-hour double-top structure is fully formed, confirming that the rebound has ended. Support at 4130 has been broken again, and there is still $100 of downside potential. Bears may be preparing to accelerate again. Watch 3950 and 3930 below.
2、Look for a rebound and corrective recovery first today; consider a short-term long position, but the main strategy is to sell into the rebound. Watch the 4010/4030 area for a rebound during the day.
