Gold breaks through strongly, and the trend is completely rewritten

From a technical perspective, on the four-hour chart, gold prices previously dipped deeply to around the 4510 low, and after completing the bearish release, they rebounded strongly. The price broke through the Bollinger Bands’ middle-band pressure, and the support below has been firmly established. At the same time, the KDJ indicator turns upward sharply from the low zone, bullish momentum continues to expand, and the short-term rebound momentum is very strong—signaling that the bearish phase has ended for now.

On the news front, market risk-aversion sentiment is heating up, and together with the impact of expectations for inflation data, bullish sentiment in the market has concentrated and rebounded, helping gold prices launch a counterattack against the trend. Power was well accumulated in the prior low levels; after the bears have digested, capital has flowed back strongly to the bulls.

Recommendations:
Pull back to around 4580-4600 to go long in batches, with targets at 4650 and 4680. If it breaks through, look for levels above 4700.

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