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Gold Daily: Looking at the yin-yang cycle, there is a high probability of a positive close today. If today successfully closes positive, the short-term 5-day moving average will form a golden cross with the 10-day moving average. Tomorrow, Friday, gold can continue to oscillate higher based on the short-term moving averages, with potential to firmly hold above the 5200 level and further launch an attack toward the 5250-5280 zone. If today breaks the yin-yang cycle and closes negative, gold prices will likely continue range-bound consolidation between 5080 and 5200; as long as the overall low maintains a gradual upward shift, the market will still hold above 5200 and initiate an uptrend.
Hourly Level: Asia session rallied and pulled back, Europe session regained momentum and broke through Asia's high point. The short-term trend channel has shifted from downtrend to uptrend from yesterday. The 4-hour Bollinger Bands are contracting, with price holding the middle band. Short-term bias is strong but lacks breakout momentum. However, note that if the upper rail of the uptrend channel cannot be broken through in the latter half of the night, gold will continue to face pressure and trade below 5200.
Trading Focus: Key attention on holding above 5150 for rebound potential, with resistance to watch at 5190-5200. If this level cannot be broken through, gold price will enter a moderately large-scale oscillating downtrend channel, with downside target around 5100 (61.8% Fibonacci support level). A retest at this level still presents a low-long setup opportunity.
Disclaimer: The above content is for personal analysis and viewpoint sharing only and does not constitute trading advice.