Gold surges and breaks through key levels, completely rewriting the trend

From a technical perspective, on the four-hour chart, gold prices previously sold off deeply to around the 4510 low. After the short-side liquidation/clearing was completed, a strong rebound followed. The price broke through and overcame the Bollinger Bands’ middle-band resistance, and support below has been firmly established. Meanwhile, the KDJ indicator turns upward sharply from low levels, bullish momentum continues to expand with increasing volume, and the short-term rebound momentum is very strong, signaling that the bearish phase has effectively come to a transitional end.

On the news front, market risk-avoidance sentiment is heating up. Combined with the impact of expectations for inflation data, market bullish sentiment has concentrated and rebounded, helping gold launch a counter-trend advance against the trend. After adequately building up strength at prior lows and with the short side fully digested, funds have flowed back significantly into long positions.

Recommendations:
Buy in batches on a pullback around 4580-4600, targeting 4650 and 4680; if the level breaks through, look for prices above 4700.

Disclaimer: The analysis above is for reference only and does not constitute investment advice. Any risks arising from actions taken based on it shall be borne by you.