2.6 Spot Gold (XAU/USD) Evening Outlook

Spot gold rebounded to the key resistance area of 4885-4890 in one hour, with an increase in upper shadows and a decrease in body size, indicating enhanced selling pressure.

The volume has significantly shrunk compared to the initial rebound, suggesting that bearish momentum has not fully recovered, and this is only a short-term pressure without forming an effective breakout force.

In the 30-minute timeframe, there is simultaneous pressure in the 4885-4890 range, with bearish patterns like engulfing candles appearing, further verifying the effectiveness of the pressure.

The current downward BOS signal is clear, and the price is likely to continue the pressure trend, testing the support levels of 4860-5870.

If this support level is broken, it will further explore the 4820-4830 range, and the bearish trend will be further strengthened.

Trading suggestion: short at the 4900-4910 line, with targets at 4880, 4860, and 4820.