Despite the rebound, the 4-hour chart reveals weak upward momentum, showing signs of exhaustion on lower timeframes.
The technical bias remains bearish because price sits below the 20-day SMA, 50-day SMA and 200-day SMA.
After the modest rebound, the metal is struggling to extend momentum, as the short-term trend remains neutral to bearish. Therefore, further pullbacks are possible within broader consolidation.