A trend is brewing. Short sell at the high point.GoldOANDA:XAUUSDThe_Golden_MasterThe gold market has once again been gripped by risk-averse sentiment. After surging to the vicinity of 4543, gold encountered resistance; during the European trading session, it experienced a sharp decline, touching the 4412 level before rebounding to 4463, only to face renewed pressure and pull back once more. Currently, this second wave of decline has not yet broken to a new low. The current price rebounded to the resistance zone around 4460 and encountered significant resistance. This position is both the previous high point of the minor rebound and close to the short-term moving average resistance, making it a typical rebound resistance zone. From a trend structure perspective: the moving averages (MA60/120) above are still in a bearish alignment, the price is running inside a descending channel, the rebound volume is insufficient, and no effective breakout has been formed. Although the MACD has recovered, it is still in a weak range, indicating that this rebound is more of a recovery than a reversal. Traders should look to initiate short positions near the rebound highs in the 4450–4480 range. Risk Warning: If the price executes a strong breakout above 4500, adjust your trading strategy immediately. More Strategies ➤➤➤➤➤➤➤➤◍