Will gold prices continue to fall?GoldOANDA:XAUUSDJun_CopytraderSpot gold fell for the eighth consecutive trading day, marking its longest losing streak since October 2023 and hitting a new low in over a month. Technically, the daily chart shows a continuous decline, and the weekly chart closed sharply lower, indicating accelerated downward pressure. The daily MA10/7-day moving averages have crossed downwards and moved down to 4880/4770. The price is trading along the lower Bollinger Band. On the shorter-term 4-hour/1-hour charts, the Bollinger Bands are widening downwards, the moving averages have formed a death cross and are trending downwards, and the RSI indicator is below 20. Gold has fallen sharply! Gold prices are still in a downtrend, but due to the significant drop, indicators show oversold conditions, suggesting a possible short-term rebound. However, the resistance above is considerable, limiting the upside potential. Key support levels are 4300-4320, while resistance levels are 4530-4550. Intraday trading is likely to be characterized by low-level consolidation, with a small initial rebound followed by a likely pullback. Avoid blindly buying the dip; patiently wait for the price to rebound to resistance levels before selling. If you wish to go long at lower levels, you should only attempt with a small position size, and always set a stop-loss order to manage risk. Gold Trading Strategy: BUY: 4310-4320, SL: 4290, TP: 4370-4400; SELL: 4520-4530, SL: 4550, TP: 4460-4430;