Weak rebound after a sharp drop! The 4000 lifeline holds precariously, but the feeble pullback cannot reverse the downtrend!

Gold surged to 4180 late Friday before a cliff-like drop, accelerated its decline during the Asian session today, hitting a key support at 3943 before a weak bounce, currently trading around 4015. Overall, it shows a volatile pattern of "weak recovery after a crash," with bears remaining dominant. The 3980-4000 area is the last line of defense for short-term bulls, while 4050 becomes a strong resistance for rebounds, with intense long-short battles at key levels.

Technical signals are overwhelmingly bearish: the TRIX trend indicator continues with a death cross downward, the price has broken below both the SMA50 and EMA50 medium-term moving averages, and the moving average system shows a standard bearish alignment with significant suppression. The MACD fast and slow lines are deep below the zero line, and although the green histogram bars have slightly narrowed, bearish momentum has not been fully released. The RSI hovers near 38, with no obvious oversold bounce signals. The rebound space is strictly limited by technical factors. The 4000 level briefly held, but the rebound is extremely weak, typical of a "bearish continuation" technical repair, not a trend reversal signal.

Prudent positioning: decisively short on rebounds into the 4040-4060 range and at key levels 4100 and 4150, targeting 3990-3970. If broken, look down to the previous low of 3940. If 3940 is lost, the next target is the 3900 round number. Keep the bearish mindset throughout, short on any rebound, strictly manage position sizes to guard against bull traps.