After a period of accelerated selling pressure, gold is poised fGold / U.S. DollarFOREXCOM:XAUUSDGold-RonAfter a period of accelerated selling pressure, gold is poised for a key rebound; watch for buying opportunities in the 3975-3980 area! On Tuesday, the gold market continued its previous weakness, pressured by easing global risk aversion, the Federal Reserve's cautious stance, and a temporary stabilization in the US dollar index. Recently, market expectations for a Fed rate cut have cooled, coupled with profit-taking, leading to a continuous pullback in gold from its highs and further releasing short-term bearish momentum. However, as prices rapidly approach a key support level, oversold technical indicators are emerging, suggesting a potential for a corrective rebound. Looking at the 60-minute chart, gold remains within a downtrend channel. The black trendline continues to suppress price rebounds, with higher highs and a complete bearish structure. Following the breakout of the previously formed head and shoulders pattern and triangle consolidation, the market experienced accelerated declines, with prices breaking through the key support level of 4036 and currently reaching a low near 3980. It's worth noting that the current price is approaching the 2.618 Fibonacci extension level, and the RSI indicator is in oversold territory. While bearish momentum is strong, the risk of continuing to short in the short term has significantly increased. ⚠️ From a technical perspective, the 3975-3980 area is not only a previous area of dense trading but also a key target for this round of decline. If the price can stabilize in this area and a bottoming candlestick pattern or a volume-driven rebound signal appears, a technical correction is expected. In the short term, pay attention to the battle around the 4000 psychological level. Once it regains a foothold, it may further test the resistance levels of 4010 and 4030-4050. 📈 🔖Trading Strategy Reference 🔔 Level: 60 Minutes ✅ BUY: 3975-3980 🚫 Stop Loss: 3945 🎯 TP1: 4010 🎯 TP2: 4030-4050 The current strategy is to buy on dips for a technical rebound, while strictly controlling position risk. If the price breaks below 3945, it indicates a continuation of the downtrend, requiring immediate exit and observation. Conversely, if it stabilizes and rebounds, there is still considerable upside potential. 💰 Overall, the medium-term downtrend in gold remains unchanged, but after a significant and continuous decline, short-term conditions are ripe for a rebound. Avoid blindly shorting; pay attention to the stabilization performance in the key support zone of 3975-3980, and patiently wait for a clear reversal signal before entering the market. 🎯 👍 If this analysis was helpful, please like, follow, and leave a comment! Daily real-time strategy updates, intraday trading opportunity sharing, and one-on-one market analysis are continuously available. If you want to learn more about gold trading strategies and practical techniques, welcome to discuss and exchange ideas! 🚀📊💬