Gold Afternoon Long-Biased Strategy: Buy on Pullbacks After Stabilization

In trending markets, patience for pullbacks is more reliable than chasing rallies.

Today, the Asian session gold continued to fluctuate upward. The expected resistance level at 4720 was successfully reached. After briefly touching 4724, the price faced resistance and pulled back. Currently quoted at 4687, with a daily low of 4661, the overall trend remains relatively strong. The bullish trend structure is intact. From the 1-hour technical perspective, the Bollinger Bands are opening upward, and the price has consistently stayed above the middle band at 4651. The medium-term upward channel remains unbroken, and the trend direction is clear. The MACD indicator above the zero line shows the red bars are shrinking, indicating that short-term upward momentum is weakening. After touching the upper band, a normal pullback occurred, presenting an ideal window for low-buying strategies. Currently, it is not recommended to consider short positions; focus on low-buying throughout.

In trading, strictly adhere to the low-buying approach, avoid chasing highs or holding large positions, and rely on support levels for phased entries. If the pullback stabilizes around 4660-4665, consider entering the market. Place stops below 4640. The first target is 4720; if broken, the next target is 4800. On the medium to long term, we remain confident in gold’s upward potential, aiming for the 4800–5000 range, capturing trend-based upward opportunities.

The above analysis reflects personal opinions only and does not constitute any investment advice. Markets carry risks; invest cautiously. Manage your risk and position sizes responsibly. #黄金🔥