Another Winning Short!
Based on the current 4-hour chart, overhead resistance remains significant. We are monitoring the 4090–4100 range for resistance, with a particular focus on the 4120–4125 level. On the downside, short-term support lies in the 4020–4025 range, with key support at 3990–4000. We maintain a firm bearish stance, looking to sell into rallies where resistance holds.
Gold Trading Strategy:
1. Short gold in the 4090–4100 range; add to short positions if it rebounds to the 4120–4125 range. Set stop-loss at 4133. Target the 4020–4026 range; if that level breaks, look toward 3990–4000.