From the one-hour trend, the price has pulled back after a surge and is currently fluctuating around 5080, with fierce competition between bulls and bears.
Upper resistance level: 5119.23
Lower support level: 4999.23
The ATR indicator shows significant market volatility; short-term operations must have good risk control.
The MACD is above the zero line, but bullish strength is weakening, indicating a need for a correction.
The KDJ is at a high level, and the J line has started to turn downward, indicating short-term correction pressure.
Key news to focus on: U.S. initial jobless claims data:
If the data is better than expected, it will be favorable for gold; otherwise, it may suppress gold prices.
Operation suggestion:
After stabilizing in the 5060—5070 range, a long position can be taken,
with the first target at 5100,
and after breaking through, the target can be set at 5200.
