Looking at the current K-line chart, gold bulls failed in their counterattack, and bearish forces continue to dominate the market. The 4310 low point below is a key support level.

The current trend aligns with the inertial decline following "M-head breakout," with obvious characteristics of declining volume on rebounds and increasing volume on declines. The moving average system shows bearish alignment, with the gold price trading below the moving averages, and rebound highs gradually moving lower.

Gold recommendation: Consider adding short positions on rebounds to the 4500-4530 zone, targeting 4450 and below 4400.