Weak rebound. Trading based on support and resistance levels.GoldOANDA:XAUUSDThe_Golden_TouchIn the gold market, there is currently no bullish fundamental support in the medium term; consequently, the primary strategy during short-term rallies remains short-selling. Furthermore, the recent decline has breached the critical medium-term support pivot at 4500, establishing an overall bearish trend. Although the market experienced a brief rebound on Wednesday, this upward momentum failed to sustain itself. For short-term trading, continue to short and trade on rebounds to previous highs. On Thursday during the early Asian session, the market briefly tested the 4570 level before retreating once again; current resistance pressure remains situated within the 4570–4590 range. Short-term Strategy: Initiate short positions in batches during rallies to the 4570–4590 range; conversely, initiate long positions if the price touches the support level near 4500.