XAU bearish: 4385.89 is under selling pressure and is being controlled unilaterally. The contract’s proactive buying is only left at 22.5%; spot order book shows buys 14 vs sells 57. Big orders net inflow is 0—money simply hasn’t entered the market. In the 4h chart, the six consecutive K-lines forming a flat line is an illusion. Price has already fallen below the twin moving averages; once 4382.71 is broken, the support will collapse. Any rebound to 4390—today’s high—is a ready-made short opportunity. Short! The funding rate is down to zero, and open interest is still shrinking. Shorts have no cost, while longs at this level are basically handing out headshots.