Muyao: The bullish pattern for gold is solid, and the strategy of buying on dips remains unchanged.



Today marks the end of the weekly trading week. In early trading, gold prices tested the 4200 mark. Whether it can hold this level will directly determine the strength of the weekly close. If it fails, the market will enter consolidation again.

Daily candles have consecutively closed bullish, holding above the short-term moving averages, with bullish momentum steadily heating up. On the 4-hour chart, prices are rising step by step, with lows gradually lifting, the Bollinger Bands opening upwards, and all indicators bullish. The short-term bullish structure remains intact.

Key intraday support levels are 4150 and 4130. Avoid chasing long positions at highs; wait for pullbacks to set up entries.

Operation:
Buy on pullback to the 4150-4160 range, target 4200-4220, stop loss at 4130.

Tip:
The above analysis is Muyao's personal analysis. The market changes rapidly. The content is for reference only and does not constitute any investment advice!
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