The rebound is weak. Sell at the resistance level.GoldOANDA:XAUUSDThe_Golden_TouchFrom a technical perspective on the daily chart, the price surged initially before retreating, now trading under pressure beneath the 5-day moving average. While the short-term 10-day and 20-day moving averages currently provide support, bearish momentum is gradually intensifying, the overall price center of gravity continues to shift lower, and a corrective trend is clearly evident. The 4-hour chart indicates that the Bollinger Bands are fanning downward, with gold prices trading below their moving averages. The KDJ indicator maintains a bearish crossover configuration, and trading volume aligns with the bearish trend; any rebound attempts have been feeble and repeatedly met with swift suppression. Overhead resistance remains robust, requiring substantial momentum to achieve an effective breakout; consequently, a short-term upside breakthrough appears unlikely. For short-term trading, a short position can be initiated within the 4710–4720 range, targeting the 4680–4650 zone.