Fed officials' hawkish remarks boost rate hike expectations CME shows a 71% probability of a November rate hike Japan, South Korea, and Europe can only follow with rate hikes to attract capital back Lately, gold $XAU has been such trash—goes up a bit and immediately reverses Lower highs, and yesterday's low of 4279 has been broken Long positions not only incur funding fees but also get hit with sharp drops—too many people going long All the new entries are just fuel for the shorts to push prices down Sell pressure on the order book is more than double the buy pressure, and buyers can't hold the line Keep a close eye on the 4260–4240 support zone for a potential breakdown Wait for a clear pin-bar stabilization signal before taking a light position to bet on a rebound Or, wait for a solid breakout above today's high of 4307 before going long