Gold bottomed out and resumed its upward trend. There are buying opportunities near the 5200 mark during the day.

The price of gold hit its highest point of 5419 yesterday and then fluctuated lower. It fell rapidly during the U.S. trading session, hitting a low of 5,260 points before stabilizing and recovering. Looking at the daily chart, yesterday’s close was in the form of a cross star, indicating an upward correction. Although short-term consolidation is imminent, the overall structure remains strong at a high level until it falls below 5419. Given ongoing uncertainty in the Middle East and continued fundamental support, gold’s upside potential outweighs any downside correction. If the price breaks strongly above the 5420 level, a breakout pattern is expected to appear on the daily chart, opening up broader upside prospects and possibly triggering a new upward move.

From the hourly chart, the short-term moving average system maintains a bullish golden cross, and the bullish pattern still exists. After covering the price difference yesterday, the price rose again, indicating that there is strong support below, and it is currently trading within a strong consolidation range above. The bullish momentum has yet to fully materialize and there is still room for further gains. The recommended strategy is to buy on dips, with short-term support in the 5280-5300 area. If the gold price breaks through the 5420 mark, it will open up new room for growth, which may lead to further gains and even challenge historical highs.

⏰ From the 4-hour chart, short-term resistance is still in the 5400-5420 area, and the key support is at 5210. Also pay attention to yesterday’s low of 5260, which is a key defensive area for short-term buyers. The overall trend still favors rising volatility. The recommended strategy is to buy on dips, with specific entry points based on real-time market signals. ⏳

[Gold Trading Strategy]🧭 Buy at the current price of 5230. If the price drops to the 5210-5200 area, you can increase your position. Set stop loss below 5180. The initial target is the 5300-5320 area; if the price exceeds this level, you can hold the position and wait for further gains. 🎯

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