Gold Rebound Faces Pressure, Short-Term Range-Bound Expected

Market Overview: Post-Drop Recovery, Short-Term Pressure Remains

Gold experienced high volatility last Friday, dropping to a low near 4,365 before staging a rebound. Entering early this week, prices did not extend the one-sided decline, instead shifting to low-level range consolidation. However, the overall rebound momentum remains limited, and overhead selling pressure persists. With the market currently lacking strong fresh catalysts, this week's focus remains on upcoming inflation data and its impact on Federal Reserve policy expectations; therefore, evening trading is temporarily guided by technical structures.

Current performance shows some support in the 4,385.00-4,400.00 zone below, but resistance near 4,420-4,440 above is equally obvious. The short-term remains in a choppy consolidation phase following the sharp drop, and it is premature to conclude that the trend has turned bullish again.

Technical Analysis: Clear Moving Average Suppression, Watch 4,415.00-4,435.00 Resistance



On the 4-hour chart, gold has retreated after rebounding to highs, currently trading around 4,414.00, remaining below the MA20 while repeatedly testing resistance near the MA30, indicating that the corrective rebound is not yet fully complete.

The 4-hour RSI sits at approximately 46.40 in the neutral-to-weak zone, showing no clear unilateral advantage between bulls and bears. Short-term overhead attention first focuses on the 4,418.00-4,425.00 region, with the 4,435.00 mark serving as a critical bull-bear watershed.

Evening Trading Strategy: Range-Bound Approach, Wait for Key Levels

Evening operations will prioritize a range-bound mindset; chasing highs and selling lows in the middle is not recommended.

• Strategy 1: If prices pull back to the 4,395.00-4,400.00 zone and stabilize, look for short long opportunities with defense placed below 4,385.00. Targets aim first at 4,415.00-4,420.00, then further towards 4,430.00.

• Strategy 2: If prices rebound to the 4,430.00-4,438.00 zone and face pressure, look for short opportunities with defense referenced above 4,448.00. Targets aim first at 4,415.00, then further towards 4,400.00.

Risk Disclaimer

Financial trading involves unpredictable risks, including but not limited to the loss of principal. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent judgments and decisions based on their own risk tolerance.