Today, spot gold bottomed out and rebounded during the day, fluctuating and strengthening; the Asian session saw a slight dip and stabilization; the European session continued to rebound, with the bulls gradually taking the lead.

Market-moving news: The dollar index and U.S. Treasury yields both declined today, easing upward pressure on gold; market expectations of the Federal Reserve tightening monetary policy continued to cool down; combined with potential safe-haven support from geopolitical tensions, buying on dips persisted, pushing gold prices higher with oscillations.
From a technical perspective, gold prices stabilized above key short-term support, with a clear short-term bullish trend. Resistance is focused on the 4730-4750 USD range, with 4680-4700 USD as the core support. Before a breakout, the market is unlikely to see a significant correction.
Evening session forecast: The market is expected to maintain a sideways to slightly bullish trend, mainly buying on dips. If it holds above 4700 support, it may test higher resistance; if it encounters resistance and falls back, watch the support levels for defense. Operate with strict position control and risk management, and pay attention to the short-term impact of U.S. evening data on the market.
Forecast: 4730-4740