Gold has rebounded above 5000 in the early trading session and is currently consolidating. So far, there haven't been the epic fluctuations like a few days ago. How should we proceed after the European session this afternoon? Here's a simple trading idea: use $5000 as the center, buy low and sell high.

Currently, the market lacks an absolute force to break the deadlock. Therefore, from this afternoon to evening, it is expected that gold prices will fluctuate within a wide range around the core level of $5000. The days of sharp single-sided surges and drops are temporarily over. Now is the time to focus on rhythm and key levels.

Watch resistance at 5060/5100, which is a densely packed zone of previous chips before the sharp decline, and the pressure is significant. If the price surges again to this level and stalls, it could be a good opportunity to short or reduce long positions in the short term.

Look below at 4980 - 5020, suitable for short-term low-buying.
This is the morning rebound initiation platform and a key intraday support. If the market pulls back again and stabilizes here, it will be another opportunity to go long with the trend.