Sharp decline followed by a weak rebound! The 4285 critical support holds, facing resistance at 4330!

On Friday’s late trading, gold surged to 4368 before encountering resistance and falling back. Today in the Asian session, it fluctuated downward, touching the key support at 4285 before rebounding. Currently trading around 4312. Overall, it shows a pattern of “rising sharply, then falling back, testing the bottom, and rebounding,” with intense battle between bulls and bears. The 4285 is the last line of defense for the short-term bulls, and the 4330-4335 zone forms a strong resistance band. The rebound momentum in the market is gradually diminishing.

Technical signals are predominantly bearish: the daily TRIX trend indicator remains in a death cross downward, the MACD fast and slow lines continue to be below the zero line in a bearish arrangement, and although the green momentum bars have slightly converged, there is no fundamental reversal. The bearish momentum has not been fully released, limiting the rebound space. The four-hour chart shows a typical “weak rebound” pattern, with prices consistently pressured below the MA5/MA10 short-term moving averages. The Bollinger Bands are opening downward, and prices are consolidating along the middle band with a weak trend. The RSI indicator hovers around 44 in a neutral to bearish zone, not yet forming an effective bullish resonance. Although the 4285 support is temporarily effective, there is a short-term technical correction need, but the medium-term bearish pattern remains unchanged. The rebound is only a weak correction.

Steady positioning: Short positions can be taken in the 4330–4360 and 4450–4475 zones, targeting 4300–4280. If it breaks below 4280, then follow the trend to look at the strong support area around 4250–4230. If it breaks further down, look below 4200. #我的Gate交易时刻