12.10 Midnight Gold Analysis: The current gold market's long-short game is unbalanced, with technical, data, and capital aspects forming a bearish resonance. The short-term downtrend is clear, and there is a high probability of breaking through key support levels in the future.

The range oscillation pattern has collapsed, with the 4230-4235 strong resistance zone tested multiple times without breaking, forming a "double top" pattern, increasing the risk of a downward breakout;

The daily level shows MACD divergence + RSI overbought retreat, with short-term volume continuously shrinking and insufficient bullish support; forming a "death cross" signal, the short-term trend turns bearish.

Gold recommendation: short in the 4220-4225 range, protect against 4335, and target down to around 4190-4180-4160 $BTC #比特币VS代币化黄金