Intraday gold initially oscillated and consolidated in the 5150-5200 range. It was also mentioned in the morning that the 5200 level acts as resistance. During the day, gold touched the 5195-90 area twice and faced resistance, moving lower. After the US session, the bulls gained strength, breaking through 5200 and stabilizing above it. Currently, the market is approaching the trendline resistance.

From a 4-hour perspective, the gold price shows Bollinger Bands widening, indicating a new direction as expected. The KDJ indicator has formed a golden cross with increasing volume, and the MACD fast line is above the slow line with the red energy bars gradually expanding. Gold has broken through the 5200 resistance band, and the candlestick continues to oscillate along the short-term moving averages with a slightly stronger upward trend. The bulls are still pushing higher, with attention to the resistance around 5250 in the latter part of the night. On the hourly chart, after breaking 5200, a minor pullback was completed, with limited retracement strength and duration. The next focus is whether there is room for a secondary rally. On smaller timeframes, the technical pattern is gradually adjusting, with support levels at 5180/5150 and resistance at 5250/5280.

Gold trading strategy: If it stabilizes above 5200-5190, consider buying in batches with targets at 5230–5245.

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