Gold has recently maintained a pattern of oscillating consolidation, with clear signs of stabilization and recovery in the market. The SPDR Gold ETF (GLD) has gradually halted its decline supported by the 150-day moving average, beginning a mild rebound in the short term.

In the long term, the 200-day moving average is a key support level below $400, which also coincides with the Fibonacci 50% retracement level, creating multiple layers of support that reinforce the bottom defense line.

Currently, gold prices are gathering strength, with limited downside space, and the rebound trend is becoming increasingly clear. This is an ideal time to accumulate gold at low costs, leveraging key support levels to position accordingly and steadily seize the rebound opportunity.