The real opportunity has arrived—do you dare to wait?GoldOANDA:XAUUSDPrecision_AlphaGold prices fluctuated yesterday, rising and falling back, before rebounding from a low. After a slight gap down at the open, prices rallied to around 4355 before falling back under pressure. Prices dipped sharply during the session, reaching a low of 4253 before quickly recovering some of the losses. The daily chart ultimately closed with a long lower shadow bearish candlestick. From the daily chart, gold has been maintaining an alternating up-and-down oscillation rhythm recently, which is also the core pattern of the current market. Technically, on the daily chart, the gold price has effectively broken through the 4300 mark with a large bearish candlestick. The 5-day and 10-day moving averages are opening downwards, and the rebound highs have been consistently limited to around 4350 USD. At the same time, the MACD histogram continues to expand, and the bearish pattern remains relatively clear. However, it should be noted that gold has fallen by more than $400 in the previous two weeks, and short-term oversold signals have begun to accumulate. From the daily chart, although gold has risen in the past two weeks, the overall trend is still mainly a slow decline. Some of the rises were mainly driven by safe-haven sentiment. Safe-haven funds cannot continuously drive up prices, and such rises are difficult to sustain in the long term. Therefore, as long as there has been a significant bubble-like increase in the price during the previous upward trend, a pullback at the end of the trading day or at key levels is a normal market correction. However, it remains difficult for gold to experience a significant and continuous decline in the near term. Thus, the current trend of gold can be summarized as follows: the downtrend is clear, but there is a tug-of-war between the potential for further decline and the short-term oversold condition, leaving the market in a dilemma. Looking at the 4-hour chart, the downward wave is still unfolding. The price is exhibiting a weak, stepped downward trend within a descending channel. The price is repeatedly pressured around the trendline, slowly declining in a weak, oscillating manner. Although the pace of decline is relatively slow, the weak structure remains unchanged. Currently, the 4-hour downtrend line resistance has moved down to around 4360, the Bollinger Band middle line resistance is at around 4330, and the secondary highs of the steps are concentrated in the 4400-4430 area. Among these, 4400-4430 can be considered an important dividing line between strength and weakness. If the price is trading below this area, the short-term weak structure remains unchanged for the time being. Therefore, today's strategy remains to look for opportunities to short near the Bollinger Middle Band, while also paying close attention to the possibility of new lows below. Meanwhile, considering that gold has already experienced a significant pullback, it is not advisable to blindly short at low levels. The key is to wait for a rebound to the resistance area before looking for a more reasonable opportunity to short. In summary, today's gold trading strategy is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is 4320-4340, while the key support level is 4250-4230.