Morning Gold Price Trend Analysis is here. From the market depth perspective, combined with volume-price structure, moving average system, and precise calculation of key resistance levels, a clear resistance zone has now formed above 4530. This level has been tested multiple times during upward attempts but has not been effectively broken through. The capital flow shows obvious signs of profit-taking by the bulls, which is highly likely to become the top area of the short-term market. Establishing short positions at this high level not only aligns with the current weak correction signals but also offers a high safety margin and favorable risk-reward ratio.

From a technical pattern standpoint, overnight gold surged to around 4535 then quickly retreated, with the daily candlestick closing as a long upper shadow small-bodied bullish candle—indicating heavy selling pressure above. The short-term bullish momentum has been largely exhausted. On the hourly chart, the candlesticks have consecutively broken below the support of the 5-period and 10-period moving averages, the MACD indicator has formed a death cross downward at high levels, and the green bars continue to expand. The KDJ indicator's three lines are turning downward from the overbought area and diverging, with all technical indicators signaling a clear correction.

The 4530-4535 zone is a heavily traded area from previous attempts and a critical threshold for bears to counterattack. Establishing short positions here fully aligns with the strong resistance testing short trade logic.

What are the operational suggestions? Focus on short positions around 4535, with a stop-loss set at 4545. The target is the 4500-4480 region.

If the price drops near 4480, consider going long with a stop-loss at 4465. If it truly falls into 4450, enter on the right side with a 6-point stop, aiming for above 4500-4520.

Currently, the market is in a high-level shakeout phase, and the strong resistance at 4530 is quite effective. The main trend remains bullish, but a clear short-term trend correction opportunity has appeared.

Real-time guidance during trading: If the price drops below 4500 support in advance, add to short positions accordingly; if it unexpectedly breaks above 4540 resistance, then stop-loss and exit to observe, waiting for new trading signals before acting.