Gold plunged in last night's overnight trading, and although it rebounded strongly today, the gold price once reached around 5330. However, the good times did not last long; it failed to break through the 4330 resistance within four hours, and the gold price resumed its downward trend, breaking below the 4260 intraday support level, which is the dividing line between bulls and bears, and once again weakened downward. The daily chart shows a successful rebound above the 20-day moving average, but failed to regain it; on the daily candlestick chart, a headless guillotine pattern appears, signaling the end of the rebound. Gold prices are expected to continue fluctuating downward, seeking the next support level.

Gold overnight market analysis and accompanying strategy
The daily and 4-hour cycles of gold are both bearish, making it clear that short-term gold prices will decline.
For a bearish trend, finding resistance levels during rebounds is an essential task.
Tonight's gold rebound faces strong resistance in the 4270 to 4280 range; around this area, traders can consider short positions, targeting the 4210 to 4200 zone.
If the bears are strong and the gold price cannot rebound to the resistance zone, a top structure may form on the 5-minute chart, allowing for phased short entries.
This morning's situation is uncertain; now that the truth is clear, shorting on rallies is the best choice.
Disclaimer:
Analysis and predictions are for reference only.
Trade at your own risk!