Yesterday, Monday saw a large drop, a big rebound, and another big drop and rebound. The market experienced significant volatility, opening high and then declining. The index dropped directly from 5192 to 5014, then reversed in two stages. After stabilizing at 5014, it steadily rose to challenge 5140. From there, the market oscillated around the 5100 level within a 20-dollar range, expanding to a 40-dollar range, until after the US session. Ultimately, 5060 was confirmed as support, and the price began to rise steadily. Today, Tuesday, gold prices maintained a slow upward trend during the Asian trading session. The previous resistance at 5150 has gradually turned into short-term support, with the market focus clearly shifting upward.

The daily gold chart remains in a wide-range consolidation and correction phase. Currently, prices are temporarily compressed between 5100 and 5200, with 5100 serving as a dividing line for upward and downward movement. The four-hour MACD shows a bullish crossover, and the KDJ indicator is trending upward, indicating a short-term bullish bias. However, for the bulls to push higher, the pattern must open upward, guiding a volume-driven rally. Resistance at around 5200 has been tested repeatedly and faced rejection. After repeatedly consolidating support and confirming it, the market is expected to break through after the US session. Short-term support levels are at 5150, with strong support at 5120/5100. Resistance levels are at 5200/5250. The trading strategy during the US session should focus on range-bound long positions.

Trading Suggestions: Enter long positions in batches around 5150-5160, with a stop loss of 20 points, targeting 5200/5220.

Risk Reminder: Investment involves risks. Enter the market cautiously. The above content reflects personal views and ideas only and does not constitute trading advice.