#XAUUSD #gold From an hourly technical analysis perspective, the daily chart closed in a downtrend, indicating a potential sharp drop in gold prices, although upward pressure is strong in the short term. Market sentiment is relatively pessimistic, and the $4,000 level is crucial. If this level holds, gold prices may consolidate for a period; however, a break below this level could see gold prices further decline to $3,930 or even lower, finding support around $3,885.