#XAU This morning, the market opened slightly higher before pulling back. It is currently making a modest rebound, capped around 3915/20. In the short term, it is expected to remain in a weak rebound and consolidation, forming a sideways range at low levels. Overall, the market remains weak and bearish, so bottom-fishing is not recommended. The rebound is merely a technical correction; there is still a chance of a downward move to retest the lows, or even to set a new low.