Sell gold: A surge followed by a pullback is possible!GoldOANDA:XAUUSDRay_ChartAfter repeated fluctuations, gold broke upwards as expected and has now reached above 4550. Our long positions in the short term have yielded substantial profits! Gold's strong rebound in the short term is a result of consolidation and increased liquidity, which is not surprising. However, I think it's too early to say that the bulls have regained control and the bears have been defeated! Because I believe that before gold recovers the 4630-4650 area, the current situation can only be treated as a rebound! After all, there are a lot of trapped positions above gold after its sharp drop, and gold still faces significant pressure. Therefore, the sustainability of gold's rise remains questionable, and it will take time for market confidence to recover. Gold may experience a surge followed by a pullback in the short term: Short-term technical support: 4540-4520 / 4500-4480; Short-term major resistance: 4560-4580 / 4630-4650 Therefore, in the short term, it is advisable to consider shorting gold in the 4560-4580 resistance area; after gold retraces, look for a more suitable long position in such an area.