Gold breaking below $4300 has caught many who were lurking off guard. Over the past couple of days, my backend has been filled with SOS signals—messages like "I'm full on at 4300, what should I do" flooding the chat. Actually, I mentioned this long ago: while strong support levels are effective, once broken, they immediately turn into strong resistance levels. This is the most basic logic in technical analysis, but unfortunately, not many truly understand it.

The key question now is: what’s next? Let me first present two core indicator data points. RSI has now fallen to 28, entering a serious oversold zone, which usually indicates that short-term selling momentum is about to exhaust itself, and a technical rebound could happen at any moment. But there’s a trap to emphasize here—rebound ≠ reversal. Being oversold can continue to become more oversold, which is very common in markets. Don’t be fooled by a rising rally.

Details of MACD are worth noting: although still below the zero line, the green histogram is beginning to narrow, which is a subtle positive signal, suggesting that the downward momentum is indeed weakening. However, the short-term trend is still dominated by bears, so don’t chase after a rebound.

From my perspective, the next move is likely to test repeatedly within the $4250-$4280 range. Whether this price level can hold is crucial. If there’s strong support here, a rebound back to test the $4300 resistance is possible; conversely, if support fails, then $4200 becomes the next focus. Markets tend to show their true colors at these critical points—those who can withstand the test truly hold the power of the bulls or bears. So, just keep an eye on how these ranges perform; there’s no need to overly predict long-term trends.