Gold Afternoon Market Analysis

This morning, gold in the Asian session opened slightly higher with oscillations, attempting to test the key resistance level at 4580. After the bullish momentum weakened, it quickly fell back under pressure. By midday, it stabilized around 4555 with narrow fluctuations, showing a pattern of rising and falling, with high-level correction and oscillation. Overall, the bulls and bears are relatively balanced for the day.

The overall news sentiment is predominantly bullish, as global central banks continue to increase their gold holdings, providing long-term support for gold prices. Meanwhile, geopolitical risks persist, and market risk aversion may intensify at any time. Coupled with the prior release of strong bearish momentum, the market shows signs of technical oversold correction, effectively blocking significant further declines.

From a technical perspective, the daily chart maintains a healthy bullish trend structure, and the medium-term bullish pattern remains unchanged. The short-term hourly chart shows a somewhat weak trend, but solid support exists in the 4540-4550 range. Indicators show diminishing bearish momentum, and a short-term rebound correction is strongly expected.

For midday trading, maintain a range-bound strategy, primarily favoring long positions at lower levels.

If the price pulls back to the 4545-4550 zone, consider adding to long positions in batches, targeting 4570-4580. If resistance at 4580 holds, consider light short positions with minimal risk.

Range-bound trading requires patience; trending trading requires execution. The greatest profit in trading is never from frequent operations but from accurately capturing high-probability opportunities. Strictly adhere to trading discipline, and focus on steady compounding.