Gold pulled back significantly yesterday after surging higher, retracing from around the high of 5188 all the way down to support around 5058. After rebounding intraday, it tested the key support below again. From a chart structure perspective, gold maintains an overall oscillating uptrend pattern, with the short-term pullback being a normal correction within the uptrend. Price fluctuations with alternating rises and falls represent a healthy market rhythm.

Currently, at the 4-hour level, gold price has been consolidating within a wide range for some time, with the oscillation cycle gradually extending, suggesting that a range breakout could occur at any time, and a new trending move may be set to launch. Gold's medium-term uptrend logic remains unchanged, maintaining the momentum to challenge historical highs, with the major uptrend structure intact. Operationally, continue focusing on buying dips on pullbacks.

Operation Suggestions
Gold pullback to 5075—5045 area, buy, targeting 5140—5180 above, if effective breakout, trend further to 5230. $XAU #Gate广场AI测评官