Gold and precious metals have recently shown impressive performance. From a technical perspective, the gold price has already stabilized above the 4460 level, after a quick rebound from a low of 4420. The daily chart shows a clear V-shaped reversal— a classic "bullish engulfing" pattern— further confirming that the previous breakout was actually a trap set by the bears.

The current bullish arrangement is very clear. The 5-day and 10-day moving averages are continuously rising, forming a standard bullish structure, while the previous high of 4480 is becoming a new resistance. Once broken, the upward space opens immediately, making it a good opportunity to go long.

On a detailed level, the hourly MACD has already formed a golden cross below the zero line, with red energy bars expanding continuously, indicating that the bearish momentum is rapidly weakening. The RSI remains around 63 in a strong zone, with no overbought signals yet, suggesting that there is still room for further upward momentum. The price has re-established all key short-term support levels, showing a typical upward channel with "higher lows and higher highs." The MFI indicator also rises in tandem, indicating healthy volume and price action.

In terms of trading strategy, consider entering long positions at around 4465, with a stop-loss below 4455. The initial target is set at 4495-4500. If the price can hold above 4500, then look to continue upward toward 4520, and possibly even touch the previous high near 4540.

This is only a technical analysis sharing and does not constitute any investment advice.