Gold is currently in an oversold correction phase following a sharp selloff. In the short term, it faces a battle between the rebound resistance level of 4850-4860 yuan and the strong support level of 4800-4810 yuan, presenting an overall pattern of low-level oscillation and consolidation.

Operationally, it is recommended to first observe the strength of the rebound. If the price stabilizes near 4820, consider taking a light long position to profit from a short-term rebound to 4850. If the rebound meets resistance, reverse to short instead with strict stop losses. Avoid blindly chasing shorts at the current oversold levels.