Don't rush to go long as gold rebounds A few days ago, gold was hit hard and fell deeply continuously, falling too hard. On Wednesday, there was finally a slight rebound, which is a normal recovery after oversold. Important reminder: This wave of rise is not a reversal, but a technical rebound, and the overall weak pattern has not changed at all! The daily level rose in the short term with the help of ADP data, but the bullish momentum was very weak and could not move up. The first short-term pressure is 4440, and repeated attempts cannot overcome it; The real big pressure is at 4460 (the 20 day line), which is the watershed between long and short positions, with the heaviest pressure. The next two days are crucial. Only by standing firm at 4460 can we have a chance to continue to strengthen. If we cannot stand steadily, the bearish trend will still dominate. A rebound is an opportunity for short selling. The 4-hour market is more intuitive: although the gold price has stabilized above 4400, the bulls have no momentum at all, and the indicator has begun to weaken, showing a divergence from the top, and may fall back again at any time. Short term simple operation strategy 1. First, look at the suppression of 4440, and then look at the range of 4460-4470 after a successful breakthrough; 2. If the rebound cannot go up, first look at the support of 4380 for the pullback; 3. The core defensive level is 4360. Once it falls below, a new round of decline begins. Overall idea: Resolutely not chasing too many, not guessing the bottom, rebounding under pressure and taking advantage of the bearish trend, patiently waiting for non farm direction to be determined!