Don't be fooled by short-term trading; the major bullish trend in gold remains strong.

On the news front, market expectations for rate cuts continue to ferment, global recession risks and geopolitical uncertainties are intensifying, and gold's safe-haven and inflation-hedging properties are being strongly supported. The US dollar index has temporarily come under pressure and weakened, with negative factors gradually being digested. Market bullish sentiment is steadily recovering, providing a solid fundamental basis for long-term upward movement in gold prices.

From a technical perspective, the four-hour correction space has been fully released, with gold prices stabilizing and forming a bottom at the lower band support level, with downward momentum basically exhausted. The Bollinger Bands are narrowing, hinting at a rebound, and the KDJ indicator shows a bullish crossover at low levels, indicating a clear short-term rebound signal.

Suggestions:
Pull back to around 4660-4680 to buy in batches; aggressive traders can buy near 4690, with targets of 4750 and 4800.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk.