It's another new day. Yesterday, gold hit a new all-time high of $4,634 per ounce, and the bullish momentum is quite fierce. This rally has certainly not disappointed; after a continuous rise, the price experienced a slight pullback during the US session, but the decline did not continue, and it is currently stabilizing around 4613.

From the daily chart perspective, gold maintains a oscillating upward trend, with all indicators showing bullish signals. Honestly, in the face of this major trend, rather than guessing the top, it's better to follow the mainstream direction. The short-term hourly chart shows a range-bound consolidation at high levels, with $4,570 becoming a clear support point—each time it is touched, a rebound occurs, indicating genuine market support here.

Therefore, the trading approach is quite clear: use $4,570 as the intraday support line; any pullback to this area is a low-buy opportunity. The target above is in the $4,650–$4,680 range. At this stage, it's best to trust the technical signals.

Asia session trading suggestion: go long in the $4,610–$4,600 range, with targets at $4,650–$4,680, and set a stop loss at $4,580.

Of course, all analysis is based on the current technical pattern. Market conditions are ever-changing, so adjust your strategy accordingly. Remember: investing involves risks, and every entry should be accompanied by proper risk management.