Market performance from the morning to midday looks like this:

Gold, affected by negative factors and cooling sentiment, started testing lower from the early session. It briefly touched 4591 before quickly rebounding, and now the price is stable around 4597. The overall trend is quite clear—this is an active pullback, not a collapse-style decline.

Although the 4600 level has been broken, the key point is that there was no increased volume extension. After breaking the level, the price quickly stabilized and recovered, indicating that there is buying support below. The bears are essentially cashing out their accumulated short-term sentiment from earlier, without triggering a new downward trend.

From a structural perspective, this decline is essentially a second confirmation of the previous high-volatility zone. The downward pace is rapid but lacks continuity—while the lows have been refreshed, the decline has been controlled. This pattern is a typical probing dip, not a break-down.

Looking at the 15-minute chart, the price is already running along the lower band, with short-term downward momentum clearly weakening. Increasingly long lower shadows reflect that the support around 4590 remains quite strong.

The midday strategy is simple: don’t chase shorts. The key is to watch how the 4590 support zone performs:

**If the price stays above 4590 and stabilizes, continuing the consolidation pattern, then the downward move is complete. There’s a chance for technical recovery in the afternoon, targeting the 4615 range.**

**Conversely, if the price dips again but still doesn’t increase volume and quickly recovers the decline, it means support is still being confirmed. At this point, patience is needed—wait for signs of stabilization before participating.**

"Better to be a bit slow than to rush recklessly at emotional lows"—this principle is especially important in midday trading.