The battle for 4000. The key to selling and buying.GoldOANDA:XAUUSDPatiently_earn_profitsGold suffered a severe shakeout; after oscillating at high levels between 4115 and 4137 during the Asian and European sessions, the market saw a surge in bets for a Federal Reserve rate hike at the upcoming July 29 meeting. Consequently, US Treasury yields hit year-to-date highs, the US Dollar Index reached a three-week peak, and precious metals faced a broad sell-off. Gold prices plummeted vertically from a high of 4166, dropping over 2.1% in a single day. During early Asian trading on Friday, the price dipped further due to downward momentum but has since stabilized above the 4000 level. From a technical perspective, the daily MACD was on the verge of forming a "golden cross," but the sharp drop during the US session caused this signal to fail. The RSI plunged from 48 to 35, entering a weak zone. On the 4-hour chart, the MACD has formed a "death cross," while the 1-hour KDJ shows signs of overselling (with low-level flattening), suggesting a potential short-term technical rebound, though the overall trend remains bearish. The 4000-point level has now turned from support back into a key battleground. The short-term strategy is to sell on a rebound to 4055-4065, with a target of 4010-3990. Alternatively, consider buying if the price pulls back near 4000, targeting 4030–4050. Wishing everyone a fruitful trading day on the last trading day of the week.