4.24. The short positions are crushing across the board, only short and not many, a single sword determines the direction!

Gold continues to weaken intraday under pressure, with no strength in the white session rebound. Every small rally is accompanied by resistance and a pullback, indicating that the overall bullish momentum is exhausted, and the market's center of gravity keeps drifting downward. There is no effective rebound or correction during the day; the market remains weak with a downward trend, the bullish sentiment diminishes, and bears continue to dominate the market. In the evening, the downward structure persists with no reversal signals.

All moving averages on the daily chart are suppressing the price, maintaining a complete downward structure. The bearish trend continues, and the market remains under pressure. On the hourly chart, moving averages are arranged in a bearish pattern, with higher highs continuously moving lower and lower lows constantly being refreshed. The rebound strength is very weak, and all small rallies are purely technical traps for a short-term correction. The indicators are generally bearish, with no bottom stabilization or reversal patterns; the overall trend in the evening remains purely bearish.

In the evening, follow the trend to short uniformly, do not chase longs or bottom fish, only follow the main trend for trading. The XAU evening strategy is to short in the 4700–4705 rebound zone, with a stop loss at 4718, a target of 4660, and if broken, hold for 4630. When the trend is clear, there is no need to gamble on both sides; follow the trend, and that is the best trading solution. Strictly control position size, set proper stop losses, $XAU