Gold July 1st Daytime Market Analysis

​Gold rebounded from new lows yesterday and experienced an intraday reversal. After hitting a new low of $3942.36, gold prices rallied strongly during the European session, absorbing yesterday's Asian session high of $4026.20 with a bullish engulfing candle. After a slight pullback and consolidation during the US session, it reached a new intraday high of $4063.37, and the daily chart closed with a long-legged doji.
Gold has been trading around the $4000 round number for the past 7 trading days, with fierce competition between bulls and bears and rapid shifts in sentiment. The 4-hour cycle signals change daily, making it difficult to sustain trades, with stop losses triggered every day. For example, Monday morning was bullish, turning bearish in the afternoon; Tuesday morning was bearish, turning bullish in the afternoon. Today is Wednesday, and we face another turning point in the 4-hour cycle.
If gold prices do not break below 3950, the 4-hour level remains bullish. If gold prices break below 3950, then yesterday's bullish signal will turn bearish again.
Today is the first day of July, a transitional day. On the monthly level, will the trend first drop to around 3800, or first rally towards 4150? Let's wait for the market to provide the answer.