Enze: Structural Repair Rebound, Bull Restart Too Early

Gold is currently dominated by repair market action. After touching the 4100 level on Monday and rebounding, it closed positive on Tuesday, with bulls continuing to push higher on Wednesday. The daily chart is likely to continue closing positive, with the daily-level bull trend gradually stabilizing and entering a high-level consolidation phase.

Yesterday morning, gold price broke through 4512, with the rebound continuing as expected. The market is debating whether bulls are restarting, but from a technical perspective, it's still premature. The weekly adjustment pattern remains unchanged, and the current movement is only a structural repair rebound. Cycle adjustments still require further consolidation between bulls and bears.

Overall trend-wise, bears still have momentum. Key resistance above to watch: 4635-4650 for short-term pressure, 4780-4790 for key resistance, and 4800-4810 as the bull-bear dividing line; Below, pay attention to 4500-4490 short-term key support, which is the core battleground between bulls and bears. Specific operational strategies will be provided in real-time during trading.

Gold Trading Strategy

Short at 4630-4650 level, add short positions at 4670-4690, stop loss at 4710, target 4505-4500, hold if broken;

Long at 4490-4500 level on pullback stabilization, add long positions at 4460 level, stop loss at 4445, target 4630-4635, hold if broken.

Disclaimer:
The above analysis is Enze's personal analysis. The market is ever-changing, content is for reference only and does not constitute any investment advice!
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