On June 11th, the gold market exhibited sustained weakness throughout the previous day, continuing its decline after breaking through prior lows.

With the market price setting new lows each day, this underscores the critical importance of following the trend.

Our strategy is simply to follow the momentum, selling on rallies or into weakness.

Even with slightly suboptimal entry points for short positions, opportunities for profit remain, highlighting the advantage of trading with the trend.

Following an early decline in gold prices yesterday, we suggested short positions below 4220, or even selling without hesitation below 4200.

The price fell to around 4170 before rebounding, precisely meeting resistance near 4220 and then falling further.

After breaking to new lows, the decline accelerated, with the U.S. session seeing a break below 4130 leading to another leg down.

In a persistently weak bearish market, the only question is where to enter the short trade.

Two approaches are viable: one is to short after a corrective bounce forms a high and shows resistance; the other is to short on a minor bounce following a break to new lows.

Without further delay, as waiting risks missing the entry, gold has already broken below the 4100 level, accelerating its decline as anticipated.

The recent corrective high for gold is at 4117.

As long as price remains suppressed below 4117, executing a short trade is imperative.

With current gold prices quoted at 4088, the recommendation is to sell directly at the current market price of 4088.

Any short entry is viable, with a target of 30-50 points lower.

For the European session, the strategy remains to sell below 4117.