Gold surges to 4871! Today’s key levels—get the entry right for big profit

Gold rose to 4850 early in the session. Yesterday overall showed a choppy, range-bound pattern with a bias to strength. The intraday low was 4738; after that, it surged to 4796 in the afternoon, then made a slight correction. In the evening, the bulls gained momentum again—price moved steadily higher to the 4850 peak. With the middle band of the Bollinger Bands continuing to rise, the bullish trend is clear.
On the news front, the ongoing Middle East geopolitical situation continues to provide safe-haven support. Combined with the tug-of-war over Fed rate-cut expectations and a weakening U.S. dollar, gold prices are continuously boosted. Only in the high-level area is there some short-term consolidation due to profit-taking.
From a technical perspective, the three Bollinger Bands on the chart are diverging upward. Price is running along the upper band, and it is now nearing the upper-band pressure area. Key resistance above to watch is 4854-4856; key support below is in the 4817-4835 range.
Trading idea:
• Long when pulling back near 4825-4805
• If the pullback is larger, you can add longs near 4795-4775
• If the market directly turns stronger, follow the long positions near 4840
Targets look toward 4880, 4900, and above $XAUT