Today’s market open, gold price continues yesterday’s trend, with inertial decline.

After breaking below yesterday’s low of 4090.95, it accelerates downward.
The lowest price reached 4068.53, then a technical rebound occurred.
Currently, gold prices are consolidating around 4090.
The daily chart for gold shows multiple timeframes with a bearish alignment;
the candlestick bodies are under the 5-day moving average, clearly indicating a bearish trend.
As long as the trend remains unchanged, shorting on rallies is an inevitable choice.
After creating a new low in this round of decline, gold will inevitably need a rebound.
Short positions at resistance levels are textbook setups for sniping.
During the white session, the strong resistance zone for gold price rebound is between 4090 and 4110.
Within this zone, traders can consider shorting, targeting the 4020 to 4030 area.
The white session has a large time span, so a 15-minute top structure can also be used to set up short positions,
comparing with resistance levels to precisely identify sniper points, achieving a one-hit kill.