Gold 4-Hour Analysis: Pressure Moves Down, 4000 Level May Await Final Choice

The recent trend of gold is very clear, with the rebound highs continually moving down.

After falling from 4200, the price has tested the pressure around 4145 and 4110 one after another, with each rebound being restrained by the downward trend line.

Currently, on the 4-hour level:

It forms a converging structure of a downward pressure line + support at the 4000 whole number level.

The market has not directly chosen a direction but is constantly oscillating to exhaust both bullish and bearish forces.

Key focus below:

The 4000 whole number level.

4000 has become a watershed for bulls and bears.

If it holds after repeated retests, it indicates that funds are accumulating here, and gold has a chance to undergo a bottom-building rebound.

Currently, the market is entering a converging phase:
The upper pressure is continuously moving down, and the lower 4000 level is being tested repeatedly.
We hold a short position at 4100 waiting to take profit at 4k.

In summary, the future logic for gold is as follows.

1️⃣ The position at 4000 needs to be tested several more times.
Can short at 4000, looking at around 4050.

2️⃣ If 4000 breaks, look for the previous low of 3950 or even lower.

Before the trend is clear, do not chase prices or sell off, wait for the market to give answers.

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