Continue to monitor the gold trend

If we consider 4600-5600 as the short-term distribution zone for the top, then it is not yet the first consolidation zone after the decline from the top. The lowest drop in March was only 4155, which is not low enough.
There is obvious entanglement between the two zones. The factor of war has already disrupted the rhythm.
Recent gold sales by countries include: Turkey 50 tons, Uzbekistan 9 tons, Russia $2.4 billion, and France and Kyrgyzstan may have also sold small amounts of gold.
These reports are often not very accurate, due to lack of transparency in information sources.
But it is abnormal if no countries or institutions are selling.
Because the monthly RSI level is still in the overbought zone.
The best strategy is still to wait for a rebound and take profits at the target.