#黄金 Cherry: The hourly chart shows a long upper shadow, today's gold trading intensifies

Yesterday, gold exhibited a fluctuating upward trend followed by a sharp pullback, gradually stabilizing and rebounding from around 5000 in the morning. After noon, bullish forces continued to exert pressure, briefly reaching the phase high of 5119. Subsequently, it quickly fell back under profit-taking and technical pressures, oscillating repeatedly around 5080 in the evening session, indicating a clear battle between bulls and bears. Ultimately, it closed with a long upper shadow candlestick, showing that the pressure above should not be underestimated.

From a news perspective, today's market focuses on the expectations of U.S. inflation data and subtle changes in geopolitical situations. Market risk aversion has shown some fluctuations, while the volatility of the U.S. dollar index has also exerted some influence on gold. Under the intertwining of bullish and bearish news, gold still possesses a strong anti-dip attribute overall.

From a technical standpoint, on the hourly chart, gold has not broken below the key support level of around 5050 after the high and pullback. The short-term moving averages still show a bullish arrangement, with strong support around 4988, while pressure forms near 5119. The overall trend is biased towards oscillating upward, with low buying after a pullback remaining the main strategy.

Suggestion: If it pulls back to around 5040-5070, consider buying; if the pullback is strong, then consider buying near 4980-5010. If the market directly rises, consider buying around 5080, targeting upwards towards 5100.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Risk is borne by the operator.