Evening 4220 pressure confirmation is effective, and there is still room for a decline below.
Gold has repeatedly tested 4216–4220 during the day without success, and the selling pressure above remains significant. The hourly chart shows a large bearish candle that completely engulfs the previous two bullish candles, indicating a renewed weakness in the short-term structure. This suggests that during the expectation phase before interest rate cuts, gold still struggles to break free from the high pressure rhythm.
Although 4180 below is a short-term support level, given the diminishing momentum, the support strength is limited. Once the US market sees a significant volume breakdown, the market is likely to further decline to the 4150–4160 region to seek genuine buying interest.
The overall logic remains unchanged: before the trend reverses, short positions remain the main focus.
Trading Suggestions
Short near 4220
Stop Loss: 4230
Target: 4180
If broken, look towards 4150–4160
