After a deep correction in the previous round, the recent price has entered a phase of oscillation and recovery. This morning, it experienced another rapid decline, touching a low of 4419.21 before quickly rebounding. Currently, the price has stabilized around the 4500 level and is fluctuating within a narrow range!

From the market structure perspective, on the daily chart, after a large-volume drop, the price has been consolidating at a low level. The Bollinger Bands are opening downward, with the price under pressure from the middle band, still in a correction phase of the downtrend. The larger timeframe remains bearish. On the 4-hour chart, after a bottoming rebound, the Bollinger Bands have flattened, oscillating around the middle band, with increasing bullish and bearish battles; MACD shows decreasing red bars, indicating weakening rebound momentum and short-term downward pressure. On the 1-hour chart, a morning dip was followed by a rebound, with the price regaining the 4500 level. Short-term bullish sentiment is warming, but the overall trend remains unchanged; the rebound is merely a correction within a downtrend. In summary, the current situation is a low-level oscillation and correction after a major downward move, with the overall trend remaining weak. Intraday trading should focus on shorting on rebounds and buying on dips!

Gold: Short around 4520-4550, targeting 4430-4310#成长值抽奖赢金条 $XAU