Good evening! The 4260 level remains crucial

As a key support level from earlier, 4260 could stabilize for a second time. The back-and-forth volatility is essentially testing whether this low can hold.

If the U.S. session breaks below 4260, the decline will continue. After volume expands, the downside targets are 4190–4160. However, the first test of this range will trigger a rebound, so chasing short positions is not recommended.
Resistance above is at 4320–4350. If gold stabilizes within this range during the U.S. session, the bulls will have a chance to gradually gain momentum. The market may slowly stabilize tomorrow, with the daily chart showing a short-term bottoming signal.
Overall, the market remains in a phase of weak recovery.
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