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Yesterday's gold bearish breakthrough exceeded target ✅
Federal Reserve hawkish decision (rate cut expectations downward revision) triggered short squeeze, gold price broke through with volume expansion, downside space fully opened.
Daily: Consecutive down candlesticks breaking support, moving averages in bearish arrangement, MACD green histogram expanding, RSI oversold but rebound lacks momentum.
4-hour: Bollinger Bands opening downward, rebound pressured at midline, bears in control
Core strategy: Sell on rebound resistance, don't chase shorts, light positions with batch entries.
Entry zone: Batch short entries on rebound to 4870-4900
Target: 4840-4810 (short-term profit taking).
Break below 4800 level, watch 4750 strength.$BTC $XAU