Continue shorting goldGOLD (US$/OZ)TVC:GOLDr5txaOn the previous trading day, the uncertainty surrounding the US-Iran situation led to a brief rebound in gold prices after a lower open, followed by a sustained decline in the afternoon, forming an expanding triangle pattern throughout the day and ultimately closing with a bearish candle. Today, the price action was pressured by the 4700 level, trending downwards before breaking through the range in the afternoon and experiencing a sharp drop. On the hourly chart, the moving average system is converging, with the price hovering around it. The MACD indicator shows a golden cross near the zero line, indicating increasing bearish momentum. Gold's correction since $4890 has formed a downward structure, with the key level between bulls and bears around $4770. The price has been oscillating between $4670 and $4740 for nearly five days, with the rebound strength within this structure gradually weakening, reflecting a lack of bullish momentum. Today's downward break of the structure has intensified the correction, and the recommended trading strategy is to sell on rallies. It is recommended to continue shorting in the 4610-4600 range, with targets at 4560, 4540, and 4520.