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Gold's late-day surge to 5250 was blocked and pulled back, closing around 5190. Last night's post accurately predicted that gold would enter a wide-range consolidation phase again.
From a technical perspective, the daily chart shows a bottoming and rebound, the 4-hour MACD is bullish, and the hourly trend remains relatively strong. Watch for resistance in the 5230-5250 zone and support in the 5150-5180 range. My approach remains to buy on dips, sticking to a single direction—there will be gains!
Gold trading strategy: Buy in batches around 5190-5180, targeting 5220-5230.
Disclaimer: The above content is for personal ideas and opinions only and does not constitute trading advice.