Early session gold prices weakened as expected, probing down to the 4380 target level, then further declined to touch the 4320 line. Subsequently, they rapidly rallied forming a strong V-shaped rebound, currently consolidating around 4430. This movement is typical of a bull counter-attack following a deep washout, with short-term bearish momentum nearly exhausted and bulls establishing preliminary dominance.

The 4320 zone has become today's strong support level, serving not only as the early session low but also as the short-term bullish-bearish dividing line. The 15-minute KDJ indicator has turned upward from low levels, with the J value breaking through 50, displaying strong signals of short-term oversold correction. The quick recovery after breaking below 4380 indicates extremely strong buying support below; currently consolidating around 4430, which represents accumulation and washout following the rally, not affecting the short-term uptrend.

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

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

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