Gold's 4-hour trend is maintaining a relatively good oscillating downward trend along the short-term moving average. The short-term moving average continues to maintain a bearish divergence pattern. There is no sign of bottoming out in the short-term trend. Gold's 4-hour moving average continues to turn downward, and it is about to form a dead cross. If a dead cross is formed, the room for gold to fall will be further opened, and the room for gold to fall is still very large. The 1-hour trend is currently temporarily maintained in a low-level narrow range of fluctuations, but the strength and continuation of the intraday rebound are relatively small. Pay attention to the possible secondary downward trend after the small adjustment and repair are completed.
Trading strategy: short at 2618-2616, target 2605-2600.