Last night, after a sharp decline in gold prices, today's market did not follow the expected deep V reversal with a rapid surge. Despite continuous news related to missiles from external sources, the gold market remains lukewarm with no significant moves.

From the 4-hour chart, the Bollinger Bands are widening, the KDJ indicator is forming a golden cross, and the MACD fast and slow lines are intertwined. On the hourly chart, the Bollinger Bands are narrowing, the KDJ indicator shows a death cross with increasing volume, and the MACD fast line is above the slow line but the red energy bars are gradually converging. Gold prices are oscillating upward. In the evening, pay attention to short-term pullback; support levels are around 5100-5120 in the short term, with a key support at around 5030. Resistance levels are around 5230-40 in the short term. It is recommended to buy on dips and mainly look for long positions.

Trading suggestion: Buy near 5100-20, stop loss at 5080, target 5170/5190

Disclaimer: The above content is for personal ideas and opinions only and does not constitute trading advice.