Returning home from a technical perspective, the price has continued to fluctuate upward after breaking through the symmetrical triangle pattern, and the overall technical structure remains in a bullish pattern. On the upside, the 4350 level constitutes immediate strong resistance. If it can break through this position strongly, the gold price will aim for the historical high of 4381; on the downside, the previous breakout neckline at 4280 has turned into a key support level, followed by the 4233 line's 50-period Simple Moving Average (SMA). If the gold price further declines, the 4180-4170 range will become a stronghold for bulls, likely attracting a large number of buyers to enter.
In terms of momentum indicators, the current data also supports the mid-term upward movement of gold prices: the Relative Strength Index (RSI) has fallen from the overbought area near 80 to above 50. The short-term upward trend has somewhat converged, but the bullish pattern remains unchanged; the ADX indicator is running in the 20-25 range, indicating that the current market trend strength is relatively weak, and the market is in a consolidation phase, without forming a clear strong unilateral trend.
In terms of operations, one can trade within the fluctuation range of 4280-4330: the lower area near 4280 is both yesterday's low support, and if it stabilizes, a light long position can be taken; on the upper side, 4350 is a key resistance level, and if it fails to break after multiple attempts to rise, a short position can be taken accordingly.
