Guys, the gold price has fallen to around 4,020. Today it peaked at 4,062, then immediately met resistance and dropped back. The gains from the early-session rally have basically been fully wiped out. Both the 4-hour and 1-hour charts are printing consecutive bearish candles and trending downward. The bullish momentum from last night’s rebound has already been completely used up, and overall the market is following a pattern of rebound ending and turning weaker again.

For overhead resistance, first look at 4,050–4,060; the strong resistance is still at 4,080. If it can’t break and hold above there, the bias remains weak. For downside, watch support at 4,020 first. If it holds, the price can still range and consolidate; but once it breaks below the 4,000 round-number level, it will likely retest the prior low.

In terms of trading: if it rebounds to 4,040–4,050, sell in batches short, with targets at 4,010–4,000. If it pulls back and stabilizes around 4,000, then look to re-enter with a short-term long, targeting around 4,040. With large market volatility, set your stop-loss properly when entering—don’t blindly chase trades on both ends and get swept. $XAU ‌