I. Technical Analysis: Momentum Fades After V-Shaped Bounce, Weak Range-Bound Structure Unchanged



Current Market Structure:
On the latest 1-hour chart, gold continues to display typical characteristics of sharp spikes followed by swift pullbacks and choppy fluctuations.

After probing daily and lower-timeframe lows at 4103.82, bullion executed a rapid V-shaped rebound, hitting an intraday peak near 4186.59.

However, bulls failed to defend the advance, and a prompt pullback sent price action back into wide-ranging consolidation.

Moving Average System Under Pressure:
Trading currently at 4151.86, prices have fallen back below short-term moving averages MA1 (4160.37) and MA20 (4163.34).

Furthermore, candles have pierced below the MA30 (4157.17) defense line.

This breakdown indicates that the prior bounce remains insufficient to confirm an established interim bottom.

Bullish Reversal Conditions:
Until prices decisively reclaim the 4200.00 psychological handle and break cleanly above 4230.00 resistance, market conditions remain characterized by weak range consolidation.

II. Key Price Levels

Overhead Resistance Zones: 4180.00, 4200.00, 4230.00

Downside Support Zones: 4133.00, 4108.00 (Recent Low Liquidity Sweep Area), 4079.00

Intraday Reference Benchmark: 4151.86

III. Trading Plan

Given that an intermediate bottom is unconfirmed and overhead resistance remains dense, the primary strategy favors fading rallies, waiting patiently for prices to test resistance before entering.

Sell on Rallies Strategy:
If intraday prices bounce into the 4190.00 - 4195.00 resistance area, initiate short positions along the trend.

Risk Management:
Place defensive stop-loss orders above 4220.00.

Target Expectations:
Target initial downside gains at 4100.00, looking further toward the 4070.00 - 4079.00 zone upon a volume breakdown.

IV. Risk Warning

Trading markets carry unpredictable risks, including but not limited to the loss of principal.

This analysis is for informational reference only and does not constitute direct investment advice. Investors should make independent judgments and autonomous decisions based on their risk tolerance.