Yesterday, gold maintained a pattern of oscillating upwards overall, opening near 4892. After a pullback to the support level of 4850 during the day, it stabilized and rebounded, ultimately closing at 4946, with the daily candlestick showing a medium bullish line. The daily fluctuation was nearly 100 dollars, and the bullish momentum continued to be released, laying a solid foundation for today's breakthrough of the 5000 mark.
From a technical perspective, the hourly chart is running along an upward channel, with each pullback's low and high points rising synchronously, forming a very healthy upward rhythm. The daily level has initiated a V-shaped reversal from the low point of 4402 and has now broken through the previous key resistance level. The moving average system is in a bullish arrangement, and the MACD indicator has crossed upwards, clearly indicating a bullish trend.
Specific trading strategy for gold:
Gold 5020-5025 one line to go long, pullback 5001-5010 one line to add long, stop loss at 4993, target 5060, if broken look towards the integer level of 5100.
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