Short positions have been closed; awaiting a rebound.GOLD / US DOLLARPYTH:XAUUSDChuck_WilsonOn the daily chart, gold has closed lower for several consecutive days, breaking below previous lows. The moving average system has formed a typical bearish alignment, confirming the downtrend. The core trading strategy for the day is to sell on rallies. The 4-hour chart shows that the price is maintaining a narrow range at low levels, with further downward momentum remaining in the short term. The hourly moving averages are gradually turning downwards, indicating a weak market structure and severely insufficient bullish momentum. Previous minor rallies have consistently met resistance levels and fallen back. Currently, all major oscillators are issuing bearish signals. Entry Recommendation: Establish short positions in the 4395–4398 resistance zone.