I. Current Market Structure
Gold prices continue to trade within a standard downward channel, exhibiting a clear and complete bearish technical pattern: rebound highs are progressively shifting lower, while lows are repeatedly hitting new depths. Bullish momentum is steadily waning, the downtrend remains persistent, and there are currently no clear signals of a reversal.
II. Core Strategy for Short-Term Trading Next Week
Maintain a bearish stance in line with the prevailing trend; utilize rebound opportunities to build short positions in stages at resistance levels, while identifying key zones for offense and defense:
Short-term strong resistance zone: 4200–4220
Gold is expected to face concentrated selling pressure upon reaching this zone; this is a primary area for short entries, with a high probability of a pullback following resistance.
First key support zone: 4100–4120
Should a new leg of the decline begin, this zone serves as the primary checkpoint to observe whether the downward momentum is easing; a short-term technical correction or minor rebound is possible here.
Second downside target zone: 4020–4050
If bearish momentum remains strong and the price decisively breaks below the 4100 mark, the downside potential will fully open up, targeting the 4020–4050 range (recent lows) in line with the trend.
III. Supplementary Trading Rationale
From a long-term perspective, the bearish structure remains intact; priority should be given to trend-following strategies, avoiding premature attempts to "buy the dip" or betting on a reversal. Focus on short-selling opportunities when rebounds encounter resistance; trading strategies should only be re-evaluated if key support levels show signs of stabilization and a halt to the decline.