Muyao: Golden V-shaped Reversal! The shakeout has ended, and it is the right time to establish long positions on dips within the day!

Overnight gold staged a "deep V" shakeout, with prices rebounding strongly after touching the 4668 strong support level, and then returning to around 4730 for oscillation and consolidation. The short-term downward sentiment has been fully released, with a clear willingness to buy at low levels, confirming the shakeout nature, and the bullish trend remains unchanged.
Technically, the 15-minute and 1-hour moving averages have completed the "dip—turning point" pattern transformation, and the daily candle closed with a long lower shadow indicating stabilization, showing strong support below. The 4670-4700 area forms a multiple strong support zone; short-term resistance above is around 4755-4770. Once broken, there is potential to reach near 4800.
On the news front, the disturbance expectation due to the expiration of the US-Iran ceasefire agreement has weakened, with the dollar struggling to rise and US bond yields falling, indicating that previous negative factors have been mostly exhausted. Meanwhile, global central banks' continued gold purchases and geopolitical risk aversion provide solid bottom support for gold prices, with limited downside space.
Trading idea: Buy on dips, establish positions in batches, with strict risk control
● Bullish zone: Focus on 4710-4720; if further dip occurs, consider establishing long positions in the 4680-4700 range in batches.
● Upper target: First look at 4760-4780; if the trend is strong, there is potential to continue toward 4800.
Currently in a consolidation shakeout phase, it is recommended to operate with light positions in batches, avoid chasing highs; cut losses promptly if broken, and add positions in line with the trend.