The bullish trend for gold remains unchanged! MACD is brewing a golden cross, and the rebound rally is pushing to new highs.

This week, gold opened with a pullback to gather strength, and the bulls are steadily rebounding. The previous prediction was accurately fulfilled! On Friday midnight and over the weekend, I recommended a strategy of going long at 4430-4440 and adding positions at 4400-4410. This morning’s pullback provided an excellent entry point, and the long positions have already been profitably closed. The current trend is clear: pulling back to buy remains the core strategy, and do not operate against the trend.
Subsequently, the gold bulls will gradually gain momentum, first testing the short-term resistance at 4590-4600, with a medium-term target of 4800-4810 key levels. From a technical perspective, MACD is below the zero line and is brewing a golden cross. Meanwhile, the K-line will oscillate upward in sync; once the golden cross forms and breaks through the zero line, a new round of short-term strong attack is likely to begin, confirming the short-term rebound trend.
Based on the closing trend, pay attention to the short-term resistance at 4590-4600 and the key pressure at 4690-4700. Support is based on the core support at 4460-4480. This is the ideal entry zone for long positions tonight. I will promptly follow up with real-time market updates and precise operation points. Please stay tuned.
Gold trading suggestions:
Buy in batches on dips to 4460-4480. If there is a deep pullback to 4430-4440, add to long positions with a stop loss at 4410. Target at 4690-4710. If the market breaks through, hold for higher levels.
Reminder:
The above analysis is my personal view. The market is ever-changing, and this content is for reference only. It does not constitute any investment advice!
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