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From the daily chart perspective, gold has initially stabilized above the 5200 level and has effectively broken through previous resistance levels.
The short-term moving average system is gradually turning upward and diverging, with the candlesticks continuously trading above the short-term moving averages, indicating that the daily structure has the momentum for further upward movement.
Currently, focus should be on the key resistance zone above, specifically around 5240 to 5250.
The 4-hour chart shows that during the overnight US session, after a rally, the price completed a valid pullback confirmation, with candlesticks oscillating along the short-term moving averages in a slightly bullish manner. This pullback has repaired some technical indicators, setting the stage for a subsequent rally.
From an intraday perspective, after a short-term correction, gold prices are expected to continue oscillating upward, and it is worth watching whether an upward breakout can form.
In terms of trading strategy, consider looking for opportunities to go long around 5200, with a stop loss set at 5185. The initial target is around 5230, and if broken, further targets could be 5250-5280.