How to properly seize gold trading opportunities?GoldOANDA:XAUUSDDaniel_PrimeFXGold Technical Analysis: Reviewing yesterday's gold price performance, it showed a clear downward trend overall. Specifically, the gold price moved downwards along the five-day moving average. This trend often suggests a short-term weak market from a technical analysis perspective. During the US session, the gold price experienced a significant decline, which undoubtedly exacerbated the tense atmosphere in the market. From the daily chart analysis, gold closed yesterday with a medium-sized bearish candlestick with upper and lower shadows. This candlestick pattern contains a wealth of market information. The presence of the upper and lower shadows indicates that both the bulls and bears exerted their strength briefly during the struggle, but ultimately the bears prevailed, pushing the price lower and closing with a bearish candlestick. This forms a "three-day losing streak" pattern on the daily chart, indicating a short-term weak trend. From a trend perspective, the bearish pattern in the gold market remains unchanged. Based on the above technical analysis and market trends, we can make a reasonable prediction for the future price movement of gold. We expect the price to further test the support level of the daily chart's lower trendline. Therefore, our trading strategy for today remains unchanged: shorting on rallies. Specifically, we will focus on the 10-day moving average as our entry point for shorting. On the downside, we will first look at yesterday's low. If the price breaks below yesterday's low, we can expect it to fall further. Taking into account various factors, we have identified the following specific resistance and support levels. The resistance levels are 4050-4070 and 4100, respectively. These levels have historically exerted downward pressure on prices and are key resistance areas that we need to pay close attention to during trading. The support levels are 4005-3980 and 3930, respectively. These levels are crucial points where prices may find support and rebound. Regarding trading recommendations, we suggest entering short positions in the 4050-4070 range. It is important to note that the market is fraught with uncertainty and risk, and the above trading strategy is for reference only. When making investment decisions, investors should fully consider their own risk tolerance and investment goals, and make decisions prudently. We hope every investor can have good luck in the market and achieve their investment goals. In summary, today's gold trading strategy is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is 4050-4070, and the key support level is 4005-3980. Please keep up with the pace.