$XAU Jin Chen Yu Jin | Gold daily chart shows four consecutive down days, Bollinger Bands opening downward, price under pressure below the 4650 midline, bearish trend dominates, no clear sign of stabilization. The 4-hour bearish structure remains intact, a technical rebound occurred after breaking below the 4500 integer level, but Bollinger Bands still show a downward opening pattern, MACD green bars are shortening but no golden cross formed, no bottoming signs observed. The 1-hour timeframe continues the bearish rhythm, short-term rebound strength is limited, and the price is constrained by the Bollinger middle band.


Intraday trading mainly focuses on shorting rebounds, with 4570 as the short-term support/resistance dividing line; a rebound to key resistance levels can be followed with short positions.
Support levels: 4490-4460-4420
Resistance levels: 4545-4555-4570
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