Midday gold prices continue the morning's oscillation pattern, maintaining a narrow range overall, and although there was a rebound after the early dip stabilized, the bullish momentum remains weak. Prices repeatedly face resistance around the 4600 integer level, with bulls and bears locked in a stalemate. In the short term, there are no clear signs of a one-sided breakout, and the market mainly moves in a oscillating correction trend.

From a technical perspective, the Bollinger Bands remain flat, with a clear overall oscillation range. The upper resistance is at 4603-4605, while the key support level is at 4580. In the short term, prices fluctuate between the upper and lower bands. After testing support and stabilizing, it indicates that the buying support below is effective, but the resistance above remains strong. The battle between bulls and bears is becoming more balanced, making it difficult to see a clear upward or downward breakout in the near term.
Market news remains quiet, with no major economic data released. The market's core focus continues to be on the Federal Reserve's future monetary policy direction. Expectations of rate cuts fluctuate repeatedly, continuously influencing gold prices. Both bullish and bearish sides lack sustained momentum supported by news, so the market is likely to remain in a consolidation phase, waiting for a clear trend signal.
In terms of trading strategy, the focus remains on range-bound trading. If prices fall back to the 4555-4575 zone, consider gradually adding long positions, targeting 4600-4650. When operating, strictly control position sizes and set stop-losses to avoid potential volatility risks.