Devil'sFigure

Based on the current 5-minute candlestick chart, gold prices are in a short-term downtrend, but technical indicators show signs of a short-term rebound. Therefore, it is recommended to mainly short on rallies while remaining cautious of the risks from a short-term rebound.
📈 Technical Analysis
1. Trend Judgment: The price has fallen from a high of 4,699.64 and is currently trading below the MA5, MA10, and MA30 moving averages, with all moving averages arranged in a bearish pattern (short-term averages below long-term averages), indicating a short-term bearish trend.
2. Key Levels:
* Resis

The current price is 4,647.01, down 111.09 points (−2.33%) from the previous trading day, showing a pattern of a rebound followed by a pullback and consolidation.
From a technical perspective, after spiking to 4,699.64, the price experienced a rapid plunge, reaching a low of 4,580.81. It then formed a small platform at the low and began to rebound. Currently, the price has recovered to around 4,647.01. The MACD indicator shows that bullish momentum is accumulating (DIF and DEA are both below the zero line, but the MACD histogram has shifted from negative to positive), indicating short-term sta