GOLD Still Bearish: Weak Rebound Under Selling Pressure

The GOLD (XAU/USD) H4 timeframe chart shows that the market is still dominated by a strong bearish trend. After a sharp decline, price attempted a rebound, but it appears weak and unable to break nearby resistance.

Most timeframes (from 3M to 4H) continue to signal bearish momentum, indicating that selling pressure is still in control. The current upward movement is likely just a temporary pullback, not a full trend reversal.

If price fails to hold the current support level, there is a high chance of a further downward move. On the other hand, a strong breakout above resistance could open reversal opportunities, although the probability remains low for now.