Gold daily line bullish arrangement, support zone at $4300-4320 is solid, with strong resistance zone at $4350-4380. MACD red bars slightly shrinking, RSI is neutral to strong, overbought pullback pressure is manageable.

4 hours: After a sharp drop, a long lower shadow formed, EMA moving average support is effective, MACD green bars are shrinking, with a turn, bearish momentum is weakening.

1 hour: After a short-term pullback, stabilizing at the middle track, Bollinger Bands are closing, both bulls and bears are competing at $4320-4340, waiting for direction choice.

The logic for the rise is that the Federal Reserve will cumulatively cut interest rates by 75 basis points by 2025, with clear easing expectations; global central banks continue to buy gold, and the People's Bank of China has increased its holdings for 13 consecutive months.

Discrepancies in interest rate cut rhythm, tonight's PCE data disturbance, and fluctuations in U.S. stocks may lead to repeated testing of the $4300 level.

London gold is currently about $4340, with short-term fluctuations biased towards strength, the 4-hour bullish pattern remains intact, and the hourly chart shows a demand for pullback. The key is to watch the $4320 support; if it holds, continue to look up at $4350-4380, if it breaks, then it may test $4300.

Gold: Sell near $4350-4342, looking down towards $4300; for Gold: Buy at $4300-4310, looking up at $4340-4350 - if it breaks through, look at $4380.