Gold opened higher yesterday, breaking through the 4600 level. During the Asian session, it oscillated and retreated to the expected support around 4530; supported by the weakening of the US dollar during the European and American sessions, gold rebounded again, pushing up to the 4680 resistance level, and closed with a large bullish candlestick on the daily chart.

In the early morning, signals of a ceasefire were released by the US and Iran, causing the US dollar to fall sharply. Gold prices surged over 150 points in one day, closing strongly higher on the daily chart. This morning, gold prices surged higher, with a focus on pullback-based long positions during the day.

On the daily chart, gold relies on short-term moving averages to oscillate and strengthen, recovering previous declines; the 4-hour chart shows a bullish alignment of moving averages, with the MACD red histogram continuing to expand, indicating a solid bullish trend. Gold broke through previous minor resistance and is gradually approaching the 4800 level, but caution is needed as momentum at high levels may weaken. Today, watch for support at 4660 and 4640, and maintain a strategy of buying on dips.

Gold trading suggestions:
Buy near 4665-4667, with a stop at 4680, targeting 4690 and 4720. $ETH #金银同步走强