Yun Mu Evening Analysis:

During the day, gold surged to 4833 in the early session, met resistance, and then pulled back. It traded in a downward range during the day, and after dipping to a low of 4772, it stabilized. Currently, it is consolidating narrowly around 4790. In the short term, bearish momentum has slowed, and the bulls have not yet launched an effective rebound.
The geopolitical situation has eased in stages, reducing the market’s risk-avoidance sentiment. Combined with earlier profit-taking by the bulls and the market’s cautious expectations for the Federal Reserve’s policy path, this has led to gold prices rising first and then coming under pressure to pull back.
The moving averages have turned downward. The short-term trend remains bearish, but support has emerged at 4770-4775. The KDJ indicator is turning from low levels, and most likely tonight will be characterized by range-bound oscillation. Resistance to watch is at 4800-4810, and support to watch is at 4770-4775.
If price retraces to around 4780—4770, you can set up a position,
with targets around 4800—4860. #黄金