Short Under 4300. Buy Signals on Monday!GOLD (US$/OZ)TVC:GOLDMr-DaplGold is currently in an upward cycle after testing a low at 4024. It surged early in the week on positive momentum; however, as previously noted, a short-term pullback was expected (targeting 4260–4240). Following this correction, the bullish outlook remains intact, with a target of 4500. In the medium term, the price faces resistance near 4700 (aligned with the downtrend channel), so a blindly bullish stance is not advisable. On Wednesday, the price dropped to 4219 due to selling pressure driven by expectations of a Federal Reserve rate hike. It rebounded to 4329 during the European session before pulling back; it currently trades at 4268. The 4-hour chart shows a bearish alignment following the 18:00 close, and the US Dollar Index has broken to new highs. Consequently, the outlook for the US session remains bearish, with long positions best deferred until next week. Short-term resistance lies at 4280, with strong resistance at 4290 (12H MA5). Short-term support is at 4250–4245, and strong support is at 4202 (50.0% retracement level). Trading approach: Focus on shorting short-term rebounds; look to go long at 4200 for a swing trade. Specific real-time updates will follow. Strategy 1: Sell at 4280–4290; stop-loss at 4300; targets at 4245–4200.