Crash then rebound consolidation! 4070 life-or-death line holds, targeting 4160!

At Thursday’s late session, gold surged to 4146 before running into resistance and falling back. In today’s Asian session, it is trading in a range with a downward bias, briefly dipping to 4076 key support and then rebounding. It is currently trading around 4132. Overall, the market is showing a choppy pattern of “rallying then falling back, dipping then rebounding.” Long and short positions are in intense competition; 4070–4080 is an important near-term defense line for bulls, and the 4100 level has successfully held, laying a foundation for the next rebound.

Technical signals for bulls and bears are mixed: the TRIX trend indicator is turning up from a low level, showing signs of forming a golden cross, indicating bearish momentum is gradually weakening. The MACD fast and slow lines are crossing upward below the 0 axis; the red momentum histogram bars continue to increase, suggesting bullish momentum is starting to release and rebound room is gradually opening. However, the 4150–4160 range has strong resistance—it coincides with the prior high-density trading zone and a Fibonacci retracement confluence area—so a short-term rebound may be met with setbacks. With 4070 support effective, the daily RSI has moved out of the oversold range, showing a need for technical correction/repair. On the 4-hour chart, the moving average system is gradually turning upward, indicating a return of buying pressure.

Prudent setup: go long on pullbacks into the 4110–4130 range and the 4060–4080 range, with targets at 4140–4155; after a breakout, continue to aim for 4200 and higher.