Muyao: The high-level consolidation does not change the strong trend, and dips can still be used for long positions.

Last week, gold initially rose then fell back; at the beginning of the week, it relied on the 4644 support to fluctuate upward, reaching a high of around 4891. Over the weekend, profit-taking by bulls caused a slight pullback, ending at 4835. Although there was selling pressure at high levels, the overall upward structure was not broken, and the trend remains relatively strong.

Fundamentally, the market is mixed with both bullish and bearish factors. The tense geopolitical situation in the Strait of Hormuz provides safe-haven support for gold; meanwhile, the US dollar's movement and market re-pricing of monetary policy exert some downward pressure on gold prices.

In terms of trading strategy, focus on buying dips intraday. If gold falls back to the 4735-4750 range, consider adding to long positions in batches. The first target is the 4800 level, and upon breaking through, pay further attention to the resistance around 4832.

Warm reminder: The above is only my personal market view and does not constitute any investment advice. #GatePreIPOs首发SpaceX