Sharp rebound after a sharp drop! The 4306 life-or-death line is barely holding, and the rebound lacks strength to break above 4360!

Friday’s late session: gold surged to 4382, but met resistance and fell back. Today in Asian trading, it has been ranging with a downward bias; the low briefly touched the key support at 4306, followed by a weak rebound. It is currently trading around 4334. Overall, it shows a volatile, weak structure of “spike then retreat, weak bottom-testing,” with the bears’ dominant position unchanged. 4306–4310 is the last line of defense for short-term bulls; once it is broken, it will open further downside space toward 4280–4250.

Technical bearish signals are syncing and strengthening: the TRIX trend indicator remains in a death cross and continues moving downward. The MACD fast and slow lines remain below the 0 axis and keep diverging. Although the green momentum histogram has slightly contracted, there is no sign of a turn. Bearish momentum is still dominant, and the upside rebound space is strictly limited. On the 4-hour timeframe, the Bollinger Bands are opening downward, and price has consistently been constrained under the midline at 4345–4350. The 5/10/20-day moving averages form a bearish alignment. The candlestick pattern shows a typical “rebound–pressure–fall” rhythm. Short-term technical correction strength is limited, making it difficult to change the medium-term downward trend.

Steady positioning: short at the 4355–4380 and 4420–4445 zones on the rebound. Targets are 4320–4300. If it breaks below 4300, look further down to 4280–4260. If price touches the 4306–4310 support zone, you can try a very light short-term long position; stop loss at 4295, target 4330–4340. If it falls below 4300, continue to keep the outlook bearish.
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