Violent rebound after a sharp drop! 4020 lifeline holds—aiming for 4150!

On Friday’s late session, gold surged to 4119 but met resistance and fell back. In today’s Asian session, it opened with a gap higher and then moved upward in a range; after the low probed the key support at 4020, it bottomed out and rebounded. It is currently trading near 4107, with an intraday gain of about 1.2%. Overall, the market is showing a recovery pattern of “bottoming out and rebounding steadily.” Long and short positions are locked in fierce contention, and the 4020–4030 zone is an important near-term defense line for long positions. The effectiveness of support has been validated.

Technically, there are interwoven signals: on the daily timeframe, the TRIX trend indicator is still in a dead-cross state, indicating that medium-term downside pressure has not been fully removed. However, on the four-hour timeframe, the MACD fast and slow lines have formed a bullish crossover below the 0 axis and are diverging upward; the red momentum histogram bars continue to grow incrementally. The RSI indicator has quickly rebounded from the oversold area (28.5) to the neutral mid-range around 48. Bearish momentum is fading, and there is a strong demand for short-term technical correction. Notably, price has broken above the MA50 moving average’s pressure to form short-term support, and the rebound structure has been preliminarily established.

Conservative layout: go long on pullbacks to the 4095–4075 range, as well as at the two levels 4045 and 4025. Targets are 4130–4150. After breaking above 4170, continue to look only toward around 4200 and above.
$BTC