This morning, gold surged to around 4870 and faced resistance before pulling back. Currently, it is fluctuating and consolidating in the 4820 range, which is a normal technical correction after a significant rally.



From the market perspective, the US dollar index remains relatively weak, coupled with lingering expectations of interest rate cuts, providing ongoing support for gold prices; the short-term decline is mainly due to a temporary cooling of risk aversion sentiment, and the overall bullish pattern has not changed.

Below, the 4800-4810 level is a key support. As long as the pullback stabilizes, the overall bullish outlook remains.

Trading suggestions:
Gradually build long positions in the 4810-4820 range, targeting 4850 and 4880, with strict stop-loss placement and proper position and risk management.

The above content is for reference only and does not constitute investment advice#黄金
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