#XAU After moving in one direction during yesterday’s daytime session, gold reversed when the US session opened and surged again toward 3970, before quickly dropping to 3918 and consolidating. This morning, it pushed higher again to test resistance, with the short-term outlook showing consolidation at elevated levels. Overall, 3960–3970 has become a key resistance zone in the near term. Whether prices can break through will determine if the rebound can continue; otherwise, the market could turn lower at any time and resume its downward move. The bearish trend remains unchanged on the daily chart. Watch the 3920–3970 range today, with a preference for selling rallies.