Gold Plunges Over $100 at Open! Bears Slaughter, Here's What's NGold / U.S. DollarFOREXCOM:XAUUSDXAU-Ron🔥Gold Opens Plunging Over $100! Bears Rampage, Here's What's Next! 🔥 Good morning everyone! Another week that's been historic! 😱 Gold opened sharply lower today, plunging over $100, hitting a low of $4644! Frankly, this is comparable to a mini-flash crash. You all know the reason—negotiations failed, tensions escalated, oil prices surged, and gold became a "cash cow" 💸. Yes, you read that right: safe-haven buying gold? Forget about it. The current logic is simple—rising inflation expectations → suppressing gold prices. As long as the situation continues, gold will continue to move in the opposite direction to oil prices 🏃♂️💨 📈Technical Analysis: Gap Appears, Is the Rebound a "Bull Trap" or an Opportunity? From a technical structure perspective: The 4-hour chart confirms a head and shoulders pattern, and the neckline at 4730 has been breached by the bears with a gap down! 🪦 Gold prices are currently fluctuating above 4650, with a clear downward gap on the daily chart. Indicators: KDJ and RSI both show overbought divergence, indicating a strong need for a pullback. 👉 My judgment is: there will be a short-term rebound, but not a reversal! Focus on two key areas for the rebound: 1️⃣ 4730-4740 — First resistance zone 2️⃣ 4758-4760 — Strong resistance at the midline Don't rush to short. The price dropped directly to near the hourly chart's yearly support level this morning; shorting then would be chasing the floor. Wait for the rebound, wait for the rebound, wait for the rebound! I'm saying it three times because it's important 📢 🎯Today's Trading Strategy (April 13th) Main Idea: Sell on rallies, establish short positions at higher levels, with clear stop-loss orders! Short Selling Strategy (Recommended): 📉 Strategy 1: Sell gold in batches around 4730-4740 on a rebound. Stop Loss: 4760 (Daily chart support level) Target: 4650 → 4600 → 4550 ⚠️ Note: If the rebound is stronger than expected, do not hold on. Stop loss is the bottom line for survival! Long Selling Strategy (Supplementary): 📈 Strategy 2: Try a small long position on the first touch of 4600-4610. Stop Loss: Below 4580 Target: 4680-4700 (Quick entry and exit for short-term rebounds) The current market is not a smooth, one-sided decline, but a slow decline with consolidation and indicator adjustments. Don't try to make big profits overnight. Control your position size, strictly adhere to stop loss orders, and refuse to hold losing positions! 🚫 💬Personal Opinion To be honest, this kind of market is exciting to watch, but actual trading requires a lot of patience and discipline. Don't chase rallies, don't try to buy the dip – I really want to plaster this on every trading screen right now! 🖥️ Gold has entered a period of consolidation at high levels, with increased volatility and a hidden risk of a sharp sell-off. If you're still holding onto losing positions and hoping for a reversal, the market is about to teach you a harsh lesson. 📉 🔔Follow me to stay updated on every key turning point! 📌 Want more real-time entry and exit points, strategy updates, and guidance on recovering losses? 👉 Leave a comment with "Gold" and let's target key market levels together! 🎯 📎 Likes and follows – your support is my biggest motivation for daily market analysis ❤️