At the 4-hour level, the market failed to break the low yesterday. The European and American markets rebounded, but failed to break through the previous low of 2320. Today, we need to pay special attention to whether the market will further rebound and correct, or fall back and continue to break the bottom. The overall structure is weak. Today's short-term operations are mainly rebound and short. The 1-hour moving average of gold is still in a dead cross short arrangement, and the opening is still widening. The decline of gold is far from over. Although the 1-hour rebound of gold was slightly beyond expectations, it soon fell under pressure, indicating that the upper resistance is still very strong. The US market rebound near 2320 can still continue to short.