#数字资产市场动态 The recent gold market movement is quite interesting — a direct rebound from the 4448 low to a new high of 4531, then a repeated oscillation around 4504.67, forming a classic V-shaped rebound and consolidation pattern. The 4500 level has held up well, providing decent short-term support.

Currently, there are a few factors to watch. The US core PCE price index and personal consumption expenditure data are about to be released. If the data underperform expectations, the Fed's rate cut expectations will likely strengthen further, which is definitely bullish for gold — after all, in a rate-cut environment, safe-haven assets tend to perform better. Additionally, the recent geopolitical tensions are still quite tense, which also supports gold.

From a technical perspective, on the 1-hour chart, 4500 is a strong support level, and 4531 is the main resistance. The logic behind tonight’s trading is quite clear: as long as 4500 holds, bulls have a chance to attempt a breakout above 4531 and push towards 4550.

If you want to participate, consider gradually building long positions around 4500, with a stop-loss placed below 4490 for safety. Watch the previous resistance at 4520; if it breaks smoothly, the previous high at 4531 and higher levels could be within reach. If the price breaks through 4531 tonight, you might consider a light position to follow the trend, targeting the 4540-4550 zone.

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