Gold experienced a strong rebound after a sharp decline yesterday. It rose from the low of 4428, gaining over 1.03% in a single day, and finally closed around 4497. Currently, the gold price stabilizes at the 4490 level, which is very important.

The support level below has also moved up to the 4480-4485 range. This position is particularly noteworthy as it serves as a crucial support for the gold price to confirm after breaking through the previous high.

If the subsequent correction does not break below 4480-4485, the bulls will continue to push towards the 4500 integer level. Once a breakthrough is successful, the next target will be around 4510-4520.

From the hourly chart, gold has been in a continuous bullish upward trend, with minimal pullback, clearly showing the advantage of the bulls. However, attention should be paid to the 4480 level; if it is lost, short-term upward movement may undergo a phase of correction.

**Trading idea**: Buy on dips around 4475-4485, targeting 4512-4518.