Gold Daytime Market Analysis

Gold's daily chart is firmly trading above the 20-day moving average today, awaiting a pullback confirmation before continuing its upward attack. The daily MACD rounding bottom is rapidly narrowing, indicating a rebound market. If gold prices do not exceed $4400, it should only be treated as a rebound. On the 4-hour timeframe, all moving averages are in a bullish alignment and diverging upward, with the MACD histogram continuously expanding, showing that the upward momentum has not exhausted. Comprehensive analysis suggests that after retesting certain support levels today, gold prices will continue to move upward.
Gold's strong support level for today's pullback is in the 4155-4165 zone. In this area, long positions can be opportunistically placed, targeting the 4210-4220 zone.
Alternatively, when a bottom structure forms on the 15-minute chart, long positions can be entered in batches.
After consecutive bullish candles, a downward shakeout is inevitable for gold to go further. Since it's Monday, a pullback is bound to occur. Be bold to buy on dips, and temporarily refrain from taking short positions.