Yesterday, the gold market opened at 5331 in the early trading session and immediately surged. The daily chart reached a high of 5380.6 before strongly pulling back. After breaking below the previous day's shooting star low of 5260, the market declined sharply. The lowest point on the daily chart was 4994.5, followed by a rally towards the end of the session. The daily closing was at 5090.3, ending with a long lower shadow large bearish candle.

The 4-hour chart shows a series of consecutive bearish candles with a pullback that broke below the middle band of the Bollinger Bands, which is also the short-term upward trendline. On the hourly level, after continuous low-level oscillations, the trend began to stabilize gradually. The technical pattern started to recover, with short-term moving averages beginning to turn upward and diverge. There is a tendency for some short-term rebound space. Focus on the resistance zone around 5220-30. On smaller timeframes, the technical pattern has begun to complete adjustments, and there is a high probability of some rebound potential in the short-term trend. Watch the short-term support around 5080. For trading, go long intraday!

Trading suggestion: Buy near 5130-20, stop loss at 5100, target 5190/5210

Disclaimer: The above content is for personal ideas and opinions only and does not constitute trading advice.