Rebound Into Resistance, Bearish Pressure RemainsGOLD (US$/OZ)TVC:GOLDAlpha_Market_InsightGold surged higher after last Friday’s NFP release, but the 4H chart structure shows that price is still trading below a major resistance zone. The current upside move looks more like a technical correction rather than a confirmed bullish reversal. Despite weaker employment data supporting short-term safe-haven demand, the elevated unemployment rate and ongoing Fed policy expectations continue to limit further upside momentum. Key Levels to Watch: 🔸 Resistance Zone: 4380 - 4400 A failure to break above this area could trigger renewed selling pressure. 🔸 Support Levels: • 4317 — Short-term support • 4268 - 4273 — Key demand zone Trading Plan: Look for short opportunities only after clear rejection from resistance. Stay patient, manage risk properly, and avoid chasing price movements. Bias: Bearish Below 4400 XAUUSD XAUUSD GOLD