#比特币2026年行情展望 $BTC

Can Gold Hold Steady at 4000 After the Plunge?

Last week, gold experienced a rollercoaster—initially hovering around $4379 and $4381, then suddenly taking a sharp dive.

Yesterday's decline was indeed fierce, with international gold prices dropping nearly $300 in a single day, and domestic prices falling by 62 yuan, marking the largest single-day drop in over a decade. It seems that although the US dollar didn't show any particularly strong performance, the main reason for this decline was a collective profit-taking after gold's prolonged rise.

Several forces combined to push the market down: on one hand, geopolitical tensions eased—Trump indicated talks with China on trade, softening the tone; on the other hand, signs of negotiations between Russia and Ukraine emerged, directly dampening safe-haven buying enthusiasm. From a technical perspective, algorithmic trading triggered profit-taking and closing of overextended positions, making the market somewhat fragile.

As a result, gold prices plummeted like a waterfall, briefly falling to $4004 per ounce, and domestic prices dropped to around 917 yuan per gram.

Currently, gold's technical indicators are still in the process of recovery. Interestingly, on the daily chart, the price retraced to the middle band of the Bollinger Bands, exactly supported at $4004, leaving many lower shadows. At present, gold is trading around $4069. If it cannot break below the 4000 mark within the next two days, then $4004 is likely the bottom of this wave, and a rebound could occur. Domestic RMB gold prices should also keep a close eye on the 917 support; once it stabilizes, a rebound may follow.