Gold Bullish Trend Remains Unchanged! MACD Brewing a Golden Cross, Rebound Rally Sets New Highs

This week, gold opened with a pullback to gather strength, and the bullish rebound is steadily advancing, with previous predictions accurately fulfilled! On Friday midnight and over the weekend, I recommended a long position at 4430-4440 and adding to longs at 4400-4410. The recent pullback this morning provided an excellent entry opportunity, and the long positions have already realized profits. The current trend is clear; pulling back to go long remains the core strategy. Do not operate against the trend.

Going forward, gold bulls will gradually gain momentum, first testing the short-term resistance at 4590-4600, with a medium-term target of 4800-4810 key levels. From a technical perspective, the MACD is below the zero line and is brewing a golden cross, with K-line oscillating upward in tandem; once the golden cross forms and breaks above the zero line, a new round of short-term strong attack is likely to begin, confirming the short-term rebound trend.

Combining the closing trend, pay attention to the short-term resistance at 4590-4600 and the key pressure at 4690-4700. Support is based on the core support at 4460-4480, which is an ideal entry zone for long positions tonight. I will promptly update real-time market movements and precise operation points, please stay tuned.

Gold Trading Suggestions:
Pull back to 4460-4480 for phased long entries. If a deep pullback occurs to 4430-4440, add to longs with a stop loss at 4410. Target at 4690-4710. If the market breaks through, continue holding for higher levels.

Reminder:
The above analysis is my personal view. Markets are ever-changing, and this content is for reference only and does not constitute any investment advice!