Core Viewpoint - Gold experienced a sharp decline followed by a strong rebound, with a daily increase of over 6%, returning to around 5050, which is a key pivot point and a previous area of concentrated trading [1] Technical Analysis - On the technical front, the daily MACD shows a bullish crossover at a low level, with expanding red bars, and the RSI has quickly rebounded from the oversold zone [1] - The 4-hour moving averages are in a bullish arrangement, and the Bollinger Bands are opening upwards [1] - Although some short-term indicators are overbought and may require a pullback, the rebound is accompanied by increased trading volume, indicating strong support around the 5050 level [1] Trading Strategy - A buy position near 5050 is aligned with the day's bullish-bearish dynamics, with a stop loss set at 20 points to 5030 to effectively mitigate short-term pullback and rebound failure risks [1] - The target is set towards 5200, which aligns with both short-term rebound momentum and medium-term bullish logic [1] Market Sentiment - The market sentiment has shifted from panic to cautious optimism, influenced by the cooling of hawkish Federal Reserve chair nominations and ongoing global central bank gold purchases, alongside geopolitical tensions in the Middle East and concerns over the dollar's credibility [1] - Institutions remain generally optimistic about gold's long-term outlook, with Deutsche Bank maintaining a year-end target of 6000 USD, identifying 5200 as a critical resistance level that, if broken, could confirm a transition from rebound to reversal [1]