Strong V-shaped reversal! The 4450 support has been firmly built, and the bulls are directly targeting 4580!

Yesterday, gold traded in a range and dipped lower, with the low reaching the key support area around 4450, before stabilizing and rebounding. Today, during the Asian session, the strong rebound continued, breaking through multiple resistance levels at 4500 and 4530. It is currently trading near 4547, and the intraday high reached the 4552 area. Overall, the market is showing a bullish setup of “a dip and rebound, followed by a strong upward push,” with 4450 now becoming a solid strong support line for the short term.

Technical outlook: bullish momentum has noticeably strengthened. The TRIX trend indicator shows a golden cross from a low level; the MACD fast and slow lines have crossed upward below the 0 axis; the red momentum histogram bars continue to expand; and bullish momentum is gradually taking the lead, with rebound energy remaining strong. On the daily timeframe, a real-bodied bullish candlestick has formed, with price holding above the 5-day moving average. The short-term trend has shifted from weak to strong. On the 4-hour timeframe, the moving-average system is arranged in a bullish alignment. Price is moving steadily higher along the upper Bollinger Band, and the RSI has rebounded to above 50—bullish strength continues to build, further reinforcing the short-term upward structure.

Short-term layout: go long on pullbacks in the 4515–4535 area and the 4455–4475 area. Targets are 4560–4580. If it breaks above 4600, continue to maintain the outlook for further upside.