The early trading session gold trend has provided some interesting signals. From the four-hour K-line chart, the gold price started to decline after touching the upper band of the Bollinger Bands, which is a common sign of resistance. However, don't rush to short; although the MACD red histogram is narrowing, it still remains above the zero line, indicating that the bulls are somewhat tired but not completely exhausted.

On the one-hour cycle, the KDJ indicator has turned downward, beginning technical correction. At the 5-minute level, the gold price tested a bottom around 4578 and then showed signs of stabilization. What do these signals suggest? The short-term downside is limited, and the subsequent movement is likely to follow a sideways pattern to digest the technical adjustments before looking for an opportunity to move higher.

From a practical perspective, my approach remains bullish. Consider establishing long positions in the 4560 to 4570 range, with a stop-loss set at 4540. If everything goes well, target the 4600 to 4630 zone; if the price breaks through 4630, then aim for 4650. Conversely, if the gold price unexpectedly falls below the support at 4563, you can try a small short position with targets around 4520 to 4500.