Sharp rebound after a sharp decline! 4550 support stabilizes, strong attack on 4720!

On Thursday, gold sharply fell to $4546 before stabilizing, and today during the Asian session, it continued to rebound strongly, breaking through multiple resistances at 4620 and 4680, reaching a high of $4722. Currently trading around $4705, showing a "bottoming out and rising, strong breakout" bullish pattern, with 4550 becoming a strong medium-term support.

Technical bullish signals are fully dominant: TRIX trend indicator shows a golden cross at low levels, MACD fast and slow lines quickly cross above the zero axis after crossing below, red momentum bars continue to expand, and bullish momentum is strongly released, continuously opening up space for a rebound. The daily chart completes a "V-shaped reversal," with prices above the 5-day, 10-day, and 20-day moving averages, forming a bullish alignment, shifting from weak to strong; the four-hour chart shows a unilateral upward trend, Bollinger Bands opening upward, with prices climbing along the upper band, solidifying the bullish trend. The current market indicates continuous accumulation of bullish strength, with short-term pullbacks serving as energy buildup for further upward movement. Today's strategy focuses on retracement to position for long entries.

Steady positioning: go long on retracements to the 4670–4690 and 4635–4650 zones, targeting 4720–4750. If the price breaks above and stabilizes above 4700, continue to look higher, with a maximum target above 4800.