Rebound from the bottom hits resistance! The 4550 pressure is prominent, targeting 4500!

On Friday’s late session, gold pushed up to 4555 and then met resistance before falling back. In today’s Asia session, it first dipped then turned higher, with the low reaching 4480—the key support level (the lowest since late March)—followed by a violent rebound. It is currently trading around 4549, trapped in a tug-of-war between bulls and bears. Overall, it is showing a choppy pattern of a “deep V reversal” and a rebound that lacks follow-through. Bearish pressure is clearly dominant. The 4550–4560 area is an important resistance zone for short-term bulls, while 4480 has become the bulls’ final line of defense.

Technical-wise, bearish signals dominate the market: on the daily timeframe, the TRIX trend indicator remains in a death cross downward, and the medium-term bearish structure has not changed. The MACD fast and slow lines are making a weak bullish cross below the 0 axis; the red momentum histogram is brief, with limited incremental strength, so the continuation of the bulls is questionable. Although the RSI has moved out of the oversold range, it has not broken above the neutral 50 line, and rebound momentum is clearly fading. On the four-hour timeframe, price is being held back by the MA5/MA10 short-term moving averages. The middle Bollinger Band at 4562 forms strong resistance. Multiple attempts to push higher have failed, indicating that sell pressure is concentrated and that rebound room is strictly constrained. The technical correction is approaching its end.

Conservative layout: attempt long positions in the 4565-4585 zone and also in the 4675-4650 zone from above; look down toward the 4530-4500 zone. If there is a substantive breakdown below 4500, it would continue to target further downside.
#PYTH今日解锁21.3亿枚代币