Price highs gradually move lower, and the overall downtrend dominated by bears remains clear, with no trend reversal signals appearing yet. On the four-hour chart, the price is oscillating narrowly near the 4313 low, with volatility continuously narrowing.

Prices are consistently suppressed by moving averages; this rebound is merely a technical correction after a decline, with insufficient bullish momentum, and the technicals do not support a long position at this time. In the short term, resistance is concentrated around 4330-4335, with 4313 as a key support level.

Fundamentally, market expectations for rate hikes are warming, U.S. Treasury yields remain high, and mid- to long-term pressures are exerted on precious metals. No significant data is scheduled for release today, so the market is likely to continue range-bound oscillation.

Trading suggestion: Rebound to the 4335-4350 range to establish short positions, targeting 4300 and 4250. #黄金