Gold Strategy! Consider shorting gold in the 4035-4055 range!

The gold market opened this week with a particularly subdued trend, with prices quickly encountering resistance and falling back after a brief, tentative rebound. Gold prices met strong resistance around $4109, subsequently initiating a downward correction and maintaining a weak, oscillating pattern below $4100. From the chart structure, the rebound highs have been moving lower and the lows have failed to rise effectively, forming a typical bear-dominated consolidation pattern. This indicates that the bulls are clearly lacking in strength, the rebound lacks sustained momentum, and market sentiment is cautious and bearish.

Technically, the daily chart is currently in a mid-term correction phase within a wide trading range. The Bollinger Bands are gradually narrowing, and the short-term moving average system is showing downward pressure, temporarily limiting the upside potential of gold prices. Therefore, the current market movement remains a continuation of the downtrend, with no clear signs of a bottom in the short term.

Regarding trading strategy, the previously recommended short positions placed around $4090 have successfully captured this downward wave, with multiple pullback entry opportunities providing investors with excellent entry windows. The strategy was executed smoothly, making it a classic example of a high-win-rate, high-efficiency operation. I currently hold a short position established at the $4099 price level in my account. My mindset regarding the position is stable, and I have no plans to close it at the moment.

For future operations, I suggest continuing to focus on shorting at higher levels, looking for opportunities to sell short within key resistance zones. The shorting zone is 4035-4055, where gold can be shorted in batches.

Overall, the current gold market remains structurally weak, with bulls lacking organized counterattack capabilities and bears dominating. Until significant stabilization signals emerge, maintaining a cautiously bearish trading strategy is more prudent. I will continue to monitor market changes, and once a substantial reversal or key breakout occurs, I will update my analysis and response strategies immediately. Please pay close attention to subsequent developments.