After a sharp drop, a strong rebound has arrived. The 4500 level has held firmly, and in the short term price is testing the 4550 resistance level. On Friday’s late session, gold rose to 4555 but then came under pressure and pulled back. Today, the market has completed a bottoming-and-repair move: starting from around 4365, it has launched a strong offensive, repeatedly breaking through multiple short-term suppressions. Currently, gold is trading at about 4537. Overall, after a deep selloff, it has shifted into a one-way rebound. Buy-side demand has concentrated and entered aggressively, and the 4500 level has been transformed into an important short-term support.

On the technical front, bullish signals are gradually strengthening. The TRIX indicator has turned upward from a low level to form a golden cross, reversing the mid-term downward trend. The MACD fast and slow lines have completed a golden cross below the zero axis, and the red momentum histogram continues to expand, showing bullish momentum building continuously. At the same time, on the four-hour timeframe the price has moved above the short-term moving-average cluster, and the moving-average system forms an upward “resonance,” further consolidating the rebound structure. However, the RSI indicator is gradually approaching the high zone, so there may be technical pressure in the short term. Resistance above still remains, and the rebound pace may slow down somewhat. A pullback during the rebound is also a normal trend adjustment.

**Specific trading suggestions:** Watch how price handles the 4545-4565 range and the 4600-4620 range. If it reaches those areas without breaking, you may try a short setup from the higher levels, looking back down toward the 4500 level. If it breaks, continue to look lower.