Gold prices weakened as expected in early trading, probing down to the 4380 target level and further declining to touch the 4320 line. Subsequently, prices rallied sharply, forming a strong V-shaped rebound, currently consolidating around 4430. This price action represents a typical bull counterattack following deep washout, with short-term bearish momentum nearly exhausted and bullish dominance preliminarily established.

The 4320 zone has become today's strong support level, serving not only as the early session low but also as the short-term bulls-bears dividing line. On the 15-minute KDJ indicator, the index has turned upward from lower levels with the J value breaking above 50, displaying a strong short-term oversold correction signal. After breaking below 4380, prices quickly recovered, indicating extremely strong buying interest at lower levels. Currently consolidating around 4430, this represents power accumulation during the rebound washout and does not affect the short-term uptrend.

Recommendation: Enter long positions on pullbacks to the 4360-4365 zone, with stop loss set below 4355.

Targets: First target 4370-4380, second target if breaking through strongly, 4381-4400.

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