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2025-12-10 13:36:14
[Gold Under Short-Term Pressure! Spot Gold May Retest 4180, and a Break Below Could Target 4156] 1. Spot gold is currently facing significant downward pressure and may retest the $4180 support level in the short term. If this support is breached, it will open up further downside potential, with the next target at $4156. 2. From a technical perspective, the correction in gold since the high of $4264 is not yet complete, clearly showing a three-wave downward structure. The third wave (wave c) is expected to test $4156, perfectly coinciding with the equal-length projection of wave a. The descending channel analysis also points to the same target. 3. The key resistance level is at $4220. Only a decisive break above this level can reverse the weakness and restart a rebound towards the $4235-$4259 range. 4. The daily chart shows that gold has repeatedly failed to break through $4266, remaining below the 76.4% Fibonacci retracement level for over a week, further strengthening the bearish signal. Looking further ahead, once a large-scale C wave forms, it could even test the deep correction range of $4076-$4135.
