Has gold returned to an uptrend?GoldOANDA:XAUUSDJun_CopytraderFrom a technical perspective, the daily chart shows a two-day rebound, but yesterday it faced resistance at the 4600 level. The 10-day and 7-day moving averages (MA10/MA7) remain downward, moving down to 4680/4552. The price is trading along the lower Bollinger Band, and the RSI indicator is below the midline. On the shorter-term 4-hour chart, the moving averages are closely clustered, and the RSI indicator has turned downwards after encountering resistance near the midline. On the hourly chart, the Bollinger Bands are widening downwards, and the RSI indicator is below the midline. After the rebound, gold prices have once again entered a weak, consolidating phase. Today's trading is expected to remain sideways. Gold has begun a corrective rebound, but a bullish reversal still requires time. Currently, gold prices are in a structural corrective rebound phase. On Monday, it bottomed out around 4100 and rebounded, rising on Tuesday and continuing to rise on Wednesday. The daily chart is gradually stabilizing, and the market has entered a high-level consolidation phase. Regarding the much-discussed question of whether the bullish trend will restart, the timing is not yet ripe. The weekly chart's corrective pattern remains unchanged, with further downside potential. The current price action is merely a technical correction, and the market will likely continue to fluctuate between bullish and bearish trends during this cyclical adjustment. Gold Trading Strategy: SELL: 4600-4610, SL: 4630, TP: 4550-4520; BUY: 4450-4460, SL: 4430, TP: 4520-4540;