Gold is currently in a high-level pullback correction phase, with the 4-hour cycle stabilizing at the middle band of the Bollinger Bands. The previous sharp decline lows are gradually rising, maintaining an upward continuation bullish rhythm. The rebound trend from the 4644 low has not been broken, and after the pullback from the 4891.67 high, support was found around 4811. The lows are rising, moving averages are in a bullish alignment, and the Bollinger Bands are opening upward. The current price has returned above the middle band, the pullback confirmation is complete, bullish momentum is restored, and a continued rebound is expected.