#XAU After a slight rebound yesterday morning, prices continued to trade weakly and choppily lower, accelerating during the U.S. session. They have fallen more than $300 for three consecutive days. After hitting a new low, prices rebounded late in the session and are holding onto the rebound this morning. The key is how strong the rebound is today. First, watch resistance at 3920/30. If prices cannot hold above this level today, they are likely to continue falling. Until the market stabilizes, the strategy is to focus on selling at higher levels.