4/30 Gold Market Analysis | Weak Rebound — Bears Reclaim Dominance

During the intraday Asian session, the gold price briefly surged before quickly falling back. The prior rebound gains were almost entirely given back, making it clear that the current move is only a short-term technical rebound and not a reversal of the downtrend. With insufficient upward momentum, the bulls failed to hold the rebound rhythm, and the bears have once again taken control of the market.

From a technical standpoint, the short-term market is relatively weak. A strong recovery structure has not formed, and after a weak rebound, there is a greater likelihood that prices will continue to move lower. In terms of trading, there’s no need to overly expect rebound upside. Overall, the bias should remain bearish; at the same time, watch for potential short-term stabilization opportunities at key support levels.

Trading reference:
Rebound to around 4554: consider following with a short position. Set risk control (stop-loss) at 4570. First look down to 4530, and further toward 4510;
When the pullback first reaches 4505 and stabilizes, you may try a small long position. Set risk control at 4487. The rebound target is to look for the 4540–4550 range.

Warm reminder: Market fluctuations are fast. Be sure to manage risk, set stop-losses, and respond flexibly to changes in market conditions.#黄金行情 #黄金🔥 #XAU