#比特币对比代币化黄金 Keep a close eye on the key resistance level at 4180.

The market has been waiting for a rate cut to materialize, but our strategy from start to finish has remained the same—primarily taking short positions. This morning, we gave a clear short signal around 4220, and the gold price peaked at 4219, moving almost exactly as expected. Now, the first target is to see whether 4180 can hold.

From a technical perspective, gold has been consolidating sideways on the hourly chart all morning, but to be honest, this pattern is starting to show signs of a potential breakdown. You can see that big bearish candle completely engulfed the previous two bullish candles, which is a classic bearish engulfing pattern. Simply put, the bears are trading time for downside movement, and the signal for a drop is already pretty clear. Whether 4180 holds will depend on the upcoming volume and momentum; judging by the pattern, it's going to be hard to defend.

In terms of actual trades, we've already set up the short position at 4220, with a stop loss at 4230, aiming straight for 4180. The key is to strictly stick to risk management so positions don’t get out of control, and to watch the pace and volume of any breakouts at these key levels—the speed and volume of a breakout will directly affect how far the price can go next.