Short selling has become a habit!
Gold's price movement was largely in line with expectations. Although it rebounded after the opening, it failed to break through the key resistance area of 4100, indicating insufficient upward momentum and weak rebound sustainability. For the current market, there's no need to fear the rebound; it's more of a technical correction within a weak market, often aimed at providing better entry points for subsequent short positions rather than the start of a trend reversal. From a technical perspective, gold prices are still maintaining a downtrend, with bulls lacking sustained upward momentum and significant selling pressure remaining. Technically, the overall weak structure of gold has not changed. The recommended strategy remains to sell on rallies, following the market's rhythm and not easily changing trading strategies. In the short term, pay close attention to the 4065-4085 resistance area, followed by the 4100-4120 strong resistance area. As long as the price cannot effectively hold above these resistance zones, the overall strategy remains to sell on rallies, patiently waiting for signals of resistance at key levels before entering positions accordingly.