Precious metals continued to weaken in the evening session, and the strategy of going short remains the core approach. Trading ultimately comes down to aligning with the trend, and today’s market movement perfectly exemplifies this principle. The early morning forecast of a short position was precisely timed, allowing us to catch several bearish waves in succession, resulting in quite good profits. The current weak momentum is expected to continue fermenting into the night.

Spot precious metals opened today around 4607.87, surged to 4607.98 before starting to retreat, with the lowest at 4573.72. The latest quote is 4582.29, down 14.56 points from yesterday, a decline of 0.32%. Although there was a brief rally in the morning, it failed to break through effectively and instead became a point of strength for the bears. The midday short setup aligned perfectly with the market trend, with multiple downward waves firmly captured, and profits steadily realized.

Fundamentally, US economic data remains stable, and the Fed’s hawkish stance supports the dollar. Global risk sentiment is rebounding, which diminishes the appeal of precious metals as safe-haven assets. These unfavorable factors show no signs of improvement overnight and continue to suppress metal prices.

On the technical side, the 30-minute chart shows that after reaching a high of 4607.98, precious metals have been in a series of declining candlesticks, breaking below short-term moving averages. The MACD has formed a death cross, with the green bars expanding, indicating that bearish momentum is continuously building. The support at 4573.72 shows little rebound strength and failed to hold above the 4600 level. Overnight, the technical bearish pattern remains clear, and the downside space has not yet fully opened.

Night trading should mainly focus on short positions. Watch the resistance zone around 4595-4600; if a rebound is blocked there, it’s a good opportunity to enter short. Support levels are first seen at 4570-4565; if broken, the target shifts toward around 4550. When trading, be sure to control position sizes, adjust stop-loss levels flexibly based on real-time market conditions, and guard against risks from sudden news fluctuations.