Gold prices briefly pulled back to shake out the market, but the uptrend for the bulls remains unchanged

The four-hour Bollinger Bands show a clearly defined range. The lower band at 3964 forms solid bottom support; the earlier low support zone at 3943.66 has not been broken. The medium-term bottom structure remains intact. Gold is trading near the Bollinger midline at 4019, consolidating to build momentum. The KDJ indicator has not fully formed a dead cross, so the room for a pullback is limited. After the buildup is completed, gold may test the resistance of the upper Bollinger Band at 4074 to the upside

The long-term bullish logic in the news backdrop remains unchanged. Multiple overseas economic data points have weakened, and the market continues to price in the start of an interest-rate cut cycle. The rebound in the U.S. dollar is relatively weak and is unlikely to be sustained. Ongoing global geopolitical risks continue to provide safe-haven support, and funds have continued to allocate to gold assets in the medium and long term, with sufficient buy-side demand to absorb selling from below

Recommendations:
Buy in batches around 3960-3980 on pullbacks, with targets at 4030 and 4050. If it breaks below, look for 4100

Disclaimer: The above analysis is for reference only and does not constitute investment advice. You bear the risk of trading based on it