Technical Analysis: Spot gold may retest the 4044 USD resistance level

1. Spot gold may once again test the resistance level at the overnight high of $4,044 per ounce. If it can effectively break through this position, there is potential for further upside, with targets in the $4,065 to $4,105 range.2. Gold price has formed a short-term bottom near $3,960, providing initial support in this area.3. Currently, the gold price has initially broken above the short-term downtrend line, and the technical outlook shows an increasing probability of a rebound.4. The gold price has preliminarily regained the $4,000 level, which has now once again become a support. If the gold price falls below this level, it may restart a downward trend, targeting the $3,960 to $3,974 range.