Gold H4 Rebounds After Sharp Drop but Downtrend HoldsGoldOANDA:XAUUSDDomicChainaHello everyone, On the H4 timeframe, gold is showing a clear rebound after the sharp decline toward the 4,200–4,300 zone. However, when viewed in the broader context, the primary trend remains bearish as price continues to trade below key EMA levels and the sequence of lower highs and lower lows has not been broken. The current recovery has pushed price back into the 4,580–4,600 region, which aligns with short-term EMAs and also acts as the nearest resistance zone. This area often serves as a structural retest following a previous breakdown. Notably, although the rebound has been relatively fast, volume has not shown a strong expansion, suggesting that buying pressure is not yet sufficient to confirm a sustainable trend reversal. If price is rejected from this zone, the market is likely to resume its primary downtrend. What’s your view — continuation lower or early signs of stabilization?