Gold continues to maintain a strong bullish pattern. On the daily level, moving averages show a standard bullish arrangement, with prices closely tracking the upper band of the Bollinger Bands, indicating a solid medium-term trend. The MACD indicator remains in a golden cross above the zero line, with the red momentum bars continuously increasing, showing that bullish momentum is still being released. It is worth noting that the daily RSI has risen to around 78, indicating that there is a short-term overbought pressure in the market, and caution is needed for potential profit-taking and technical corrections.

On the four-hour and smaller cycles, after breaking through key levels, gold prices have a solid structure, with moving averages maintaining a strong divergence. The hourly chart shows a high-level consolidation after a series of upward candles, with the short-term trend relying on short-term moving average support, and the overall pattern remains bullish. Before a substantial trend reversal occurs, the primary target above can focus on the vicinity of 4550, with further expectations towards the integer level of 4600 dollars. The key support below is at the 4470 line. In terms of operations, it is recommended to mainly take long positions on pullbacks in the 4475-4470 area, setting a stop loss at 4463 and targeting 4505.