Gold

Key Indicators

• Despite the rebound, the 4-hour chart reveals weak upward momentum, showing signs of exhaustion on lower timeframes.

• A bearish engulfing candle at $4,304 capped off the rally—a classic warning of potential short-term reversal.

Fundamental Context

After the sharply bullish rally, the metal is struggling to extend momentum, as the short-term trend remains neutral to bearish. Therefore, further pullbacks are possible within broader consolidation.