A Single-Bull-Candle Correction or Ranging Market?GoldOANDA:XAUUSDaosf9860Hello everyone： After three consecutive days of decline, gold closed with a bullish candle again yesterday. Does this represent a "single-bull-candle correction" or a ranging market? We can see that today, gold has remained suppressed below the $4,137 level and has broken through the $4,093 mark, indicating a clear bearish trend. The $4,137 level was the high point of yesterday's rebound during the US trading session, while $4,093 was the day's low. Monitoring whether these key levels hold or break is crucial for assessing gold's price trajectory. Consequently, we conclude that gold is undergoing a single-bull-candle correction. Today, we took short positions on gold in the $4,120–$4,130 and $4,100–$4,110 ranges. Shorting in these zones yielded substantial profits, and the trades themselves were executed with ease. My forecast for gold today was highly accurate, primarily due to my assessment of the overall trend—specifically by gauging gold's strength based on its movement during the European trading session. If you have encountered trading difficulties recently or require assistance in any area, please feel free to reach out to me. I am confident that with a little time, you will see just how high my accuracy rate is when it comes to analyzing gold. I believe my insights can be of real help to you.