The gold price is currently hovering around 4350. After consecutive sharp declines in recent periods, today it is experiencing oscillating consolidation following the sharp drop. It will neither plunge sharply again nor surge dramatically in the short term.
Daily chart shows consecutive large bearish candles, with yesterday's bottom exploration followed by a rebound forming a lower shadow, temporarily halting the decline. Today overall oscillates at low levels, characteristic of taking a breather after being oversold. Upper rebound resistance around 4480-4500 will likely be met with pullbacks.
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