Gold is currently maintaining a narrow range of fluctuation at low levels on the daily chart, with short-term moving averages remaining largely flat and converging. We can see that gold is likely to continue its sideways movement in the short term, with the price temporarily compressed between 4000 and 4120.

On the 4-hour chart, gold prices are temporarily compressed between 4020 and 4070. After a bottoming-out rebound, short-term moving averages are gradually turning upwards. On the hourly chart, gold experienced a rapid surge followed by a pullback, indicating that the upward momentum is somewhat weak. Attention should be paid to the short-term correction and recovery.

Trading Recommendation: Buy near 4045-50, stop loss at 4035, target 4070-4080.