*Core Support for the BullsGold vs US DollarPEPPERSTONE:XAUUSDAvaTaylor📈 **Core Support for the Bulls** 📊 Severely Oversold Technicals, Strong Intraday Correction Needed: From a technical perspective, the daily RSI indicator has fallen to 30 (oversold territory); the MACD histogram continues to expand but momentum is weakening; the KDJ indicator is turning upwards from a low level, showing a slight golden cross signal, indicating a strong short-term technical correction. On the 4-hour chart, the lower Bollinger Band is narrowing, and the price stabilized and rebounded after testing $4602, with a long lower shadow, indicating that buying pressure is gradually entering the market, and an oversold rebound is imminent; on the 1-hour chart, although the moving average system is in a bearish alignment, the short-term moving averages show signs of flattening, the decline is gradually narrowing, and the consolidation trend is obvious, accumulating strength for a subsequent rebound. 🌍 Middle East Safe-Haven Demands Loom, Positive News Could Erupt at Any Time: Negotiations between the two sides are still ongoing, and the situation is on the verge of erupting. If negotiations break down, the US launches an attack, or Iran announces a blockade of the Strait of Hormuz, safe-haven funds will flood into gold, potentially causing a rapid rebound in prices to $4660-$4680. Even if negotiations ease, the risk of a Strait of Hormuz blockade remains, ensuring a safe-haven floor and preventing a significant drop in gold prices. Today is a crucial window of opportunity, with the market highly sensitive to geopolitical developments. Any positive news will drive a gold price rebound, representing the core potential positive factor for bulls today and a key factor preventing a further sharp decline in gold prices.