Gold Short AnalysisGOLD (US$/OZ)TVC:GOLDSisnxj-Core Conclusion: Gold rebounds weakly in a tight range after falling sharply. 4480 is the short-term bull-bear dividing line. Cautious market sentiment: retail investors stay on the sidelines while institutions hold long-term bullish views. Supported by central bank purchases and Fed rate cut expectations, gold has limited downside and will consolidate to form a bottom. Key support: 4430–4450; Key resistance: 4580–4600. Market Overview: Spot gold bounced from 4366 to 4595. The low-volume rebound is only a technical correction, with no valid trend reversal signal. Market Sentiment: Market sentiment has turned from panic to neutral caution. Retail traders are inactive; institutions adopt short-term defensive and long-term bullish strategies. The rebound lacks institutional capital inflows, and bearish pressure still exists. Fundamental Factors Bullish: Continuous central bank gold purchases, Fed rate cut expectations, and geopolitical risks provide safe-haven support. Bearish: Resilient US inflation and high interest rates restrict upside; India’s higher import tariffs weaken physical demand; frequent profit-taking suppresses rallies. Technical Analysis: Bearish momentum weakens on the daily chart, with prices consolidating. The 4-hour chart shows low volatility and weak upside momentum, with pullback risks remaining. The 4480 level dominates short-term market direction. Key Levels ▪️ Resistance: 4580–4600 ▪️ Trading Range: 4480–4550 ▪️ Support: 4430–4450 Trading Setup - Sell: 4600–4580 - TP: 4550 - 4530 - 4500