The price fell back under pressure. Sell on rallies.GoldOANDA:XAUUSDThe_Golden_MasterLast week, the market experienced a series of intense fluctuations and a fierce tug-of-war between bullish and bearish forces; ultimately, it rebounded from its lows, entering a phase of corrective recovery. Increased risk trends in the Middle East, coupled with a simultaneous weakening of the US dollar and US Treasury bonds, led to a price increase in the market. Although the market staged a significant surge on the final trading day, this momentum ultimately failed to sustain itself effectively. After a brief upward spike, prices encountered resistance and retreated, as the market entered a phase of profit-taking. Currently, the market is fluctuating at a high level. Although the bulls seem to have a solid foundation, the overall trend is not optimistic. Currently, the Bollinger Bands are widening downwards, and gold prices are consolidating around the middle band, limiting short-term upside potential. It continues to face pressure from short-term moving averages. The key resistance level remains around 4550. If the market rebounds to this level at the opening next week, short positions can be considered, with a target of around 4480-4430. More Strategies ➤➤➤➤➤➤➤➤◍