May 8th, gold fluctuated upward, and dips continued to be bought

International gold has recently maintained a bullish trend at high levels, with prices slightly retreating after a surge overnight, and stabilizing and rebounding during the Asian session today, overall remaining in a strong oscillation pattern. The price has consistently stayed above the key support level, and short-term pullbacks are part of bullish consolidation, not changing the overall upward trend.

From a technical perspective, the short-term moving averages are arranged in a bullish configuration, providing strong support for the gold price, indicating a clear bullish trend. The MACD indicator remains above the zero line with increasing volume, showing abundant bullish momentum with no obvious signs of decline. The key support below is effective, and the probability of breaking through resistance levels above is very high, with a comprehensive bullish technical outlook.

On Friday midday, personal view on pullback: enter long positions in the $4690-$4695 range, with a stop loss at $4675, the first target at $4760, and after breaking through, continue to look at $4800.
Remain committed to a low-buying strategy throughout, avoid contrarian short positions, and strictly implement stop-loss risk control. $BTC