Recent gold prices exhibit a typical pattern of deep night session pullback and daytime recovery, reverting to large-range oscillation, with the 5000 level serving as the core long-short dividing point. As long as the 5000 support holds, overall strategy should focus on range-bound oscillation and dip buying; if effectively broken through, short-term prices will tend to probe support near 4850.

From a daily chart perspective, the current trend is overall weak, with gold prices closing negative for two consecutive days, with 5-day and 10-day moving averages in bearish alignment, exerting strong downward pressure on gold prices. The current pullback is a normal correction within a bull market, with price fluctuations and rhythm rotation being the norm. The 4-hour cycle still operates within the large range with short-term technical rebound demand, but rebound momentum is insufficient; MACD green momentum histogram showing slight contraction, with downside momentum slightly easing and short-term long-short competition intensity weakening. In the short term, focus on the 5000 level: holding steady extends the rebound, while a breakdown opens downside space; if the rebound stabilizes above 5120 USD on the upside, bearish strength will be temporarily weakened, with short-term potential for a modest rebound recovery.

Currently the market lacks clear directional guidance, with roller-coaster price action highlighting the oscillating nature. Only by maintaining patience and adhering to range-bound operations can we avoid short-term volatility risks and seize opportunities for cyclical positioning.

Disclaimer: The above content is merely personal perspective and viewpoint sharing, and does not constitute trading advice.