Daily chart golden cross has formed, ushering in a new round of gold rebound

Judging from the structure of the daily K-line Bollinger Bands, the current price has stabilized above the lower band and is gradually moving toward the middle band around 4073; short-term bullish momentum continues to be released. The KDJ indicator has completed a golden cross at low levels and is running upward; downside momentum has been fully digested, and a technical recovery is officially underway.

On the news side, the market continues to debate the pace of subsequent policies. Overseas economic data is weak, and rate-cut expectations have warmed up again. The upside space for the US dollar is limited, providing stable support for gold. Geopolitical hedging demand remains as a baseline; funds are gradually flowing back into the precious metals market, with long positions lifting slightly.

Looking ahead to next week, the overall trend is likely to be range-bound but with an upward bias. In the short term, the first key resistance lies at the Bollinger middle band at 4073; after a breakout, it will further test the 4100 level. Key supports are 4000 and 3960 below. Pullbacks to support levels are an opportunity to accumulate on dips.