The gold price is currently hovering around 4350. After consecutive sharp declines in recent periods, today it is experiencing oscillating consolidation following the sharp drop. It will neither plunge sharply again nor surge dramatically in the short term.

Daily chart shows consecutive large bearish candles, with yesterday's bottom exploration followed by a rebound forming a lower shadow, temporarily halting the decline. Today overall oscillates at low levels, characteristic of taking a breather after being oversold. Upper rebound resistance around 4480-4500 will likely be met with pullbacks. Key support below is at 4300 - holding here keeps short-term bias oscillatory; breaking this will lead to further downside.

This wave has fallen significantly from highs, with short-term bearish momentum still present, though the rapid decline requires consolidation.

Don't chase longs; shorting on rebounds is more prudent. Remember to set stop losses - don't stubbornly hold positions$BTC $XAUT #BTC突破71000美元 #黄金创43年来最大单周跌幅 #Kalshi完成超10亿美元融资