Yesterday, a short-term rebound occurred but failed to pass $4,220. The price tested the first resistance area at $4,192, triggering selling pressure that pushed gold prices down again, with initial supports estimated at $4,151–$4,142 and $4,109, respectively.

• Cover/buy back short positions if the price holds above $4,151–$4,142; if it drops below $4,142, delay covering until the next support while trailing your stop to lock in profits.

• Reopen short positions if the price fails to break above $4,220 (Stop loss on short positions if it breaks above $4,220).