Maintain a weak trend. Short at resistance levels.GoldOANDA:XAUUSDGold_WealthWith the Federal Reserve's hawkish stance looming large, the gold market experienced an epic collapse. The high-interest-rate cycle was significantly prolonged, causing the dollar and US Treasury yields to soar, and gold prices plummeted. Market sentiment completely collapsed, with prices hitting a low of $4097, a daily drop of over 8.7%, almost erasing all gains made in 2026. This also marked the largest single-day drop since March 1983. Currently, the daily chart shows consecutive large bearish candles, indicating a significant downward breakout. Currently, the daily chart shows consecutive large bearish candlesticks breaking down, indicating a significant decline. On the hourly chart, the Bollinger Bands have widened sharply downwards, with the gold price moving weakly along the lower band and under pressure below the short-term moving averages. In terms of the current overall trend, the bears still have room to maneuver. It would be more ideal to wait for a short-term rebound before continuing to short. We should watch the 4500-4530 level as short-term resistance and consider shorting at this level. More Strategies ➤➤➤➤➤➤➤➤◍