From October 20 to 22, along the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of involution, McFarlane, will hold a live dialogue with Xiang Biao!
Spots are limited, so those who act slowly will miss out. Let us join together in the commitment to sustainability! 【Click to register】On October 14, gold right now is like a ship that will not sail north, with all rebounds blocked, and the final result in every case is a spike higher followed by a pullback. Moreover, as news developments ferment, gold may at any time continue to probe the low around the 4,000 integer level. Facing such a southbound trend, gold's oscillating decline appears very strong, but in reality, even international institutions have no way to deal with the 4,000 integer-level support built up by global central banks with real money. If this key support level is smashed, then that would truly be doomsday for gold. Of course, before it is broken through, we are all just spectators. When it truly is broken through, one can do a short-term long position at the first wave's low.
Kaifeng will state the view directly: in mid-October, gold is oscillating near 4,200. In November, the decline may tentatively break below to go under 4,000, then in December it may return to the 4,000 integer level or above 4,200. The real starting point for a rally, or the rebound trend, will most likely only begin in January next year. So for gold right now, if everyone can stay in cash and watch, then they should try to stay in cash and wait for the opportunity to arrive.
From a technical perspective, after gold probes upward in the short term to test the 4,200 resistance level, a decline is inevitable. However, in the short term it may also be unable to break below the 4,000 integer level. The story of "the wolf is coming" will begin to play out, just like in August this year: the 4,000 integer level will be tested three times on the way back. Which time is the real break below is something we actually cannot distinguish, and even which time is the real bottom is something we cannot judge. It is just that after breaking below 4,100, one can actually consider entering with a light long position for a long-term trade. Of course, the premise is that everyone can endure loneliness, because there will still be two months of oscillation ahead. However, Kaifeng's idea may also be wrong, after all, these things need to be verified.
Going long lightly near the 4,070 level and entering with a stop-loss can be held for a while, because we also do not know whether the next two months will be a direct rebound or a process of oscillating to build a bottom. If the price truly touches the 4,000 mark as predicted and confirms an effective breakout, that would mean a comprehensive defeat of long-term bearish forces. At that time, intervening to buy the bottom requires extra caution, and strict trailing take-profit must be set to avoid the potential risk of huge volatility. Conversely, if it can hold the 4,060 line and repeatedly seesaw at high levels, that would better confirm the logic of "repair after the shock." At that time, gradually buying on dips to build a pyramid-style position will be a more cost-effective choice.
Remember, in this long game, principal safety comes first. Do not, out of impatience for quick success, heavily chase entries at emotional highs or blindly sell out at panic lows. Only by patiently capturing those rare key turning points can one seize the initiative in the future market reversal. SINA partners with major platforms for futures account opening, safe, fast, and guaranteed. SINA statement: This message is reprinted from a SINA partner media outlet. SINA publishes this article for the purpose of conveying more information and does not mean that it agrees with its views or confirms its description. The article's content is for reference only and does not constitute investment advice. Investors operate at their own risk based on this.
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