Shorting a rebound: The cycle-level target may be 4300-4100.GoldOANDA:XAUUSDRay_RaymondViewSince the release of the NFP data, the market balance has been slowly tilting towards expectations of an interest rate hike, and the market's bearish sentiment has gradually intensified. As the market's bearish sentiment was released, gold prices plummeted from 4475 to the 4400 mark, breaking through multiple structural support levels established in the short term, and the gold bearish trend is expected to continue. From the current chart pattern, gold has broken through multiple structural support levels established recently and is testing the 4400 level again, continuing the overall downtrend and indicating technical weakness. As gold prices gradually decline, short-term resistance has shifted to the 4420-4440 area, followed by the 4460-4480 area. With both fundamental and technical pressures weighing on the market, gold still has room to fall further, and the 4400 level is expected to be difficult to hold. From a cyclical perspective, gold may slowly move towards the 4300-4100 range, but this will take some time. Short-term technical support levels: 4360-4340 / 4280-4260 Short-term technical resistance levels: 4420-4440 / 4460-4480 Therefore, in terms of short-term trading, if gold can rebound to the 4425-4445 area, I will consider shorting gold first.