$XAU #黄金 $BTC The formation of trends is not achieved overnight; it is the repeated ups and downs that create a traceable trajectory. Trading is not just about hard work; it also requires assessing the situation to discern risks. Recently, gold has shown insufficient continuation of bullish momentum, and the price trends have leaned more towards fluctuations. In the short term, the gold price has failed to stabilize above 5200, and with a slight downward movement starting, given the current pace and the four-hour trend, there is still a strong demand for a pullback. For the upcoming operations, my personal suggestion is to maintain a focus on short selling at high levels, with a short-term target of 5175-85 being a very suitable position. There is a high probability that the lower level will test 5120-5100, and once it breaks below, it will aim for the 5000 mark.