Enze: Momentum release completed, gold explores 5000 and rebounds

After the sharp dive in international gold prices in the previous period, the market bottomed out and rebounded at the 4500 level last night. The momentum release has been completed, and short-term trading has shifted into a range-bound oscillation phase, with the one-sided decline coming to an end. The Fed's hawkish policy headwinds are gradually being digested, with the US dollar and US Treasury yields retreating, providing a repair opportunity for gold prices.

On the news front, the Fed's hawkish policy negative factors have been fully priced in, with weakening downward pressure; Middle East geopolitical risks and global central bank gold purchases continue to provide support for gold prices, limiting downside space. The market has entered a dynamic balance repair phase.

On the technical side, gold prices have formed a stop-loss signal with a low exploration and rebound, with 4-hour indicators recovering and moving away from extremely weak trends. Today's core range is 4600-4750, with 4600 as strong support and 4750 as key resistance.

Intraday trading is mainly characterized by range oscillation and exploratory rebounds. Without major news, one-sided moves are unlikely. Operational suggestions: focus on low-level positions; at retracements of 4600-4630, establish light positions; on rebounds of 4720-4750, reduce positions. Strict stop-loss and take-profit management.

Current market is in a major correction and repair period with a clear oscillation pattern. Avoid chasing rallies and selling on declines. Patiently wait for range trading opportunities.

Reminder: The above analysis is Enze's personal analysis for reference only and does not constitute any investment advice!
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