#大户持仓变化 The technical chart for gold has once again shown a classic double top pattern— the 4360 level is now very clear. The candlesticks have turned downward from above the moving average, directly breaking through a key support level. Currently, it remains under continuous pressure from the moving averages, clearly indicating a weak trend.

We mentioned yesterday that breaking through the 4380 threshold would not be easy. As expected, the price was blocked twice near 4360 and pushed back. The market's weakness is very obvious, and the probability of further decline is higher. The starting point of this round of rally is at 4260 below, which will become a key target for pullback.

Tonight, we will also watch the November non-farm payroll data. The market expects a bullish outcome, but don’t be fooled by appearances—gold’s movement doesn’t necessarily synchronize with the data, which is part of what makes trading interesting. I will keep an eye on any new developments.

You can short around 4365 directly, with a stop-loss set at 4382.
Target at 4270 (with strong support at 4260 below)

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