Gold prices declined throughout the early session, touching support around 4433 before rebounding and then entering a consolidation range. From the trend characteristics, there is clear buying support below, and the price did not continue to decline at the lows; instead, it recovered some of the losses. During the rebound, the size of the bullish candlestick bodies gradually increased, indicating a strong bullish signal, and the short-term trend has already shaken off the earlier single-sided downward movement.

Observing the hourly Bollinger Bands, the channel is continuously narrowing. Although the upper and middle bands still maintain a downward slope, the lower band has already turned upward, and the support strength is continuously strengthening. After the price broke below the middle band and moved downward toward the lower band, it rebounded relying on the lower band, and no significant pullback occurred during the rebound. This demonstrates the characteristics of "solid lower band support and gradually increasing bullish momentum." From a technical perspective, the Bollinger Bands are about to form a "upward tilt of the lower band and a flat middle band" strengthening structure.

In terms of trading strategy, 4426 is the entry point for bulls, 4410 as a partial position for adding, and 4400 as a risk defense line. The short-term target is in the 4468-4490 range.

(Disclaimer: This is for personal technical analysis only and does not constitute investment advice.)