This round of gold price surged higher but faced pressure and fell back. The four-hour Bollinger Band lower track supports around 4012, and there is very limited room below.

In terms of technical indicators, the RSI has fallen to around 35 and entered a low-range zone. The demand for an oversold rebound is strong. The MACD bearish green bars continue to expand, but the indicators are gradually approaching the bottom divergence zone. In the short term, consecutive bearish candles are releasing bearish sentiment. The support range of 4012-4020 has strong ability to absorb, and this pullback is a good opportunity for low-buy setups.

Trading plan: 4020-4050 dip to target 4085, second target 4140. Stop loss below 4000.
$XAU ‌#美国对60个经济体加征关税