Gold has shifted from a one-sided decline to a sideways trend. Keep a close eye on the 4025-4150 range on the smaller timeframes. The probability of a rebound in November has significantly increased. The current logic is "sideways movement within an uptrend," focusing on buying on pullbacks rather than chasing highs. The decline from May to July already priced in the September rate hike expectation, and the subsequent two-month drop following the December rate hike suggests unnecessary panic. Core long zone: 4040-4020. Place a stop-loss at 4000; holding above this level opens up further upside potential. Reduce positions near 4160-4220. Are you currently holding no positions and waiting for a pullback, or are you already invested?