2.5 Spot Gold (XAU/USD) Morning View

Spot gold faces pressure at the psychological barrier of 5000 and the structural level of 5100. A decline of this magnitude is unlikely to reverse quickly above 5400, so we will continue to look for short-term high short opportunities following the market.

The current price has dropped to around 4937, having broken below the strong support range of 4940-4950, and a downward BOS signal has appeared in the 15-minute chart, indicating a clear bearish pullback trend.

Trading suggestion: Short at 4950-4940, with targets at 4920, 4900, and 4860.

The underlying logic for gold's long-term rise has not changed, and the global central banks' long-term strategy to hedge against the dollar crisis remains intact. The recent decline is merely a purge of speculative bubbles, representing a healthy pullback. Institutions holding large amounts of physical gold will not sell off due to this drop, making the decline itself unsustainable.

Therefore, we should bravely buy at the bottom in the range of 4500-4000. It won't take a few months for structural repair to be completed before prices begin to rise again.