Gold price trend: in the short term, it will only move downward with a modest rebound and repair; it’s difficult to directly reverse into a big rally. After the rebound reaches its mark, there remains the risk of another dip.

First resistance: the 4065-4070 range (short-term rebound bottleneck)
Major resistance: 4083.18
First support: 4040 (today’s low)
Second support: 4027.50

1. Long: only suitable for a short-term, light-position bet on an oversold rebound. If it pulls back and stabilizes around 4040, you can take a small long; the target is 4065-4070, and the stop-loss should be set below 4038. Strictly prohibited: going long-term and heavy-size to bottom-fish.

2. Short: wait for the rebound into the 4065-4070 resistance zone, then place short orders in a steady manner. Set the stop-loss above 4085; targets are 4040 and 4027.

Please make a rational decision based on your own risk tolerance. Investing involves risk, and you should be cautious when entering the market.