Recent market movements have been like a roller coaster, with both bulls and bears dominating. Gold bulls remain strong. This week's trading has been characterized by oscillations during the Asian and European sessions, with significant pullbacks occurring in the evening and even late at night. Recently, my approach has been to repeatedly buy on dips around low levels, rather than trying to catch the top or short at the high. Although I missed some sharp declines, it's not a big deal; focusing on a single direction and good entry points can still lead to desirable results.

Before the market opened, my analysis was to take light positions around 5060-5070. Currently, the resistance at 5150 has been broken and held, and the market has been rallying strongly, reaching a high of 5143, very close to the target level, with quite a good harvest.

Today is the last trading day of the week. From a technical perspective, on the 4-hour chart, the stochastic indicator is temporarily showing a death cross downward, and the pattern indicates a temporary low point moving downward, maintaining overall weakness. Horizontal support levels are at 5000 and 5050; however, there is buying support at 5050, making a significant breakdown less likely. Resistance above is at 5150-5200. Although Thursday showed weakness, the midline of the daily chart has not been broken, and the overall trend remains strong. The daily candle today may close bullish, potentially pushing above 5200, even back to 5300. If the rebound encounters resistance, it will likely continue to form a bottoming and rebound pattern! Therefore, I am firmly bullish on gold today!

Operation suggestions: Focus on buying low within the range, avoid chasing shorts. During pullbacks to 5050-5080, consider adding to long positions in batches. If the rebound reaches 5150-5180 and encounters resistance, reduce positions accordingly, with strict risk control. The current correction is a normal digestion after a big rally. Hold the 5050 support, and the mid-term bullish logic still remains.

Disclaimer: The above content is for sharing personal ideas and opinions only and does not constitute trading advice.