Gold Trading Strategy Update After Sharp DropGold vs US DollarPEPPERSTONE:XAUUSDGENEKERES Today's topic: The current gold price movement is an extreme one, but it may stabilize at any time. The current decline is limited, so avoid chasing the market down. If you must short, short at resistance levels. After all, gold may rebound after the oversold condition. However, without major news catalysts, gold will remain weak in the short term, and a sharp V-shaped reversal is unlikely. As long as gold doesn't break above the 4400 and 4450 areas, the bears are still in control. Current support levels are 4150-4100 and the psychological level of $4000. Due to factors such as a stronger dollar, rising US Treasury yields, and inflation expectations driven by energy prices, market expectations for a Fed rate cut have cooled significantly, reducing the attractiveness of non-interest-bearing assets. In terms of driving factors, a stronger dollar has become the core variable suppressing gold prices. Therefore, rising interest rates and a stronger dollar are the main reasons for the decline in gold prices. Gold opened sharply lower again today. Looking at the 1-hour chart for gold, the price has been falling along the lower Bollinger Band, with the opening price below the Bollinger Band itself, indicating a clear bearish trend. The KDJ indicator also shows oversold conditions. Therefore, we are focusing on the resistance level in the $4440-$4450 range. Last week's trading performance was excellent overall. Congratulations to everyone who followed our trades! Many people believe that the more complex the trading, the more factors analyzed, and the more details monitored, the more confident they will be, and the higher their win rate will be. However, in reality, the more complex the trading, the easier it is to be led by the market. Over-analysis only leads to hesitation and missed opportunities. Confused thinking only amplifies risk, causing you to lose execution at crucial moments. Truly high-level trading is not about browsing through a large amount of information, but about extracting the essence, focusing on the most effective signals, repeatedly applying them, and continuously optimizing. The simpler the strategy, the more stable the results. The more focused the execution, the more profitable you will be in the face of market fluctuations. Our stable returns are the best proof of this.