Trend 1: Continuation of bullish momentum (higher probability)

First upward target: Around 4110, a short-term minor resistance level
Second main attack zone: Upper Bollinger Band at 4128
If it successfully breaks through the 4128 upper band, the market will open up room for a new upward move, testing the previous high area of 4145–4146
Touching the 4128 upper band is likely to trigger a spike and pullback, leading to technical correction
Trend 2: Spike and pullback with consolidation correction
Price faces resistance in the 4110–4128 range and pulls back, with key support levels for the correction in two areas:
Short-term support: 4040, the middle Bollinger Band
Deep correction defense support: 4003, the previous low at the start of the uptrend
IV. Supplementary judgment from indicators
The MACD golden cross at a low level has already formed, the 4-hour cycle has moved away from the previous one-sided downtrend, and the overall market has shifted from bearish to a range-bound bullish pattern.
In the short term, it is unlikely to break the bottom low of 3959 again. $XAUUSD