Yesterday, gold rose first and then declined: The morning rally pulled up from the low to 4602, but bullish momentum was exhausted. The afternoon saw-toothed around the Bollinger Band mid-line, and the close dropped to around 4456 under emotional catalyst before stabilizing. Overall, it maintained weak oscillation.
From the chart perspective, the daily line is still in a weak rebound cycle after oversold conditions, with bearish moving average alignment, and the mid-term downtrend remains unchanged; the 4-hour consolidated around 4500 after bottoming at 4124.10, with limited rebound strength;
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