Gold Strategy Analysis: Double Top Pattern Established, Shorting Based on Resistance to Expect a Decline

The double top pattern at the gold level of 4360 has been clearly formed, with the K-line turning down from above the moving average, directly breaking through key support. Currently, it continues to be suppressed by the moving average, and the weak pattern is evident.

Yesterday we clearly indicated that it would be difficult for the gold price to break through the 4380 mark, and the subsequent trend accurately confirmed our prediction—price has attempted to break through the 4360 level twice but has been pressured back. The current market shows significant weak characteristics, and the probability of continuing the downward trend is high, with 4260 as the starting point for this round of upward movement, which will be the core target for the decline.

Tonight we will welcome the November non-farm payroll data, and the current market expectation leans towards being bullish, but it should be noted: the gold trend may not necessarily move in the same direction as the data, which is the charm of market volatility. I will update the latest news promptly.

Enter short directly near 4365, with a stop loss set at 4382

Target: 4270 (may look down to the strong support area at 4260) $BTC $ETH $BNB #BinanceABCs #巨鲸动向 #美联储降息