Gold surged higher yesterday driven by news factors, closing with a bullish daily candle.

From the daily chart structure, the overall trend remains bullish, but resistance in the 4580-4590 area repeatedly stalls the upward move, and in the short term, it is likely to continue consolidating within a range.
The first key support level to watch below is the yesterday’s low of 4540-4550; as long as this level is not broken, a pullback still presents a buying opportunity.
Considering yesterday’s closing momentum, to maintain a healthy bullish trend, gold prices should not fall below 4553.
If the correction deepens and touches 4540, it indicates weakening bullish momentum, and there may be a short-term need to fill the gap, with the downside target potentially around 4520 or even 4510.
The medium- to long-term bullish outlook remains unchanged: if gold can effectively hold above 4590, the upward space will be fully opened, with subsequent targets at 4650 and 4700, just a matter of time.
Reference strategy:
1. If gold retraces to yesterday’s low of around 4540, consider gradually adding small long positions;
2. Wait for the price to confirm it has stabilized above 4590, then make a small retracement and follow up with long positions accordingly.