Gold pulled back significantly yesterday after rallying higher, retracing all the way from around the 5188 high to the 5058 support area. After a brief intraday bounce, it tested the key support below once again. From a chart structure perspective, gold maintains an overall oscillating uptrend pattern, with the short-term pullback representing normal correction within an uptrend. Market fluctuations with both declines and gains, alternating adjustments and rallies, represent a healthy trading rhythm.

Currently, the 4-hour gold price has been consolidating in a wide range for some time, with the oscillation cycle gradually lengthening, suggesting that a range breakout could occur at any time, and a new trending move is expected to launch. Gold's medium-term uptrend logic remains unchanged, and it still has the momentum to challenge all-time highs. The major uptrend direction remains intact, with operations focused on buying on dips during pullbacks.

Trading Suggestions
Buy gold on pullbacks to 5075—5045 area, targeting 5140—5180. If it breaks through effectively, look for 5230. $XAU #Gate广场AI测评官