Precious metals market shows interesting signals. Gold prices quickly rebounded after touching a low of 4570, rising back to 4586. This level now becomes the key dividing line for short-term bulls and bears. From a moving average perspective, although there is some short-term weakening, buying interest supports the rebound at the lows, which usually indicates a potential technical correction. The key is whether the 4586 level can be held.

Price levels overview:
Resistance above at the 4609 and 4634 zones
Support below at the 4586 to 4570 range

Trading strategy can be arranged as follows:

Entering a main long position between 4586-4590 is appropriate, with a stop loss below 4570, targeting the 4609-4634 range. If the gold price pulls back to 4570 but stabilizes, consider adding to the position, moving the stop loss down to 4560, with the target remaining unchanged.

What if the market moves to an extreme? If it breaks above 4609, go with the trend and look for 4634; if it breaks below 4570, don’t rush to act—wait for a rebound to around 4580 to try a small short position, with a stop loss above 4590, and target 4555.

Market changes happen quickly, so risk management in live trading is crucial. Adjust strategies flexibly based on real-time trends.