Gold traded within a narrow range in the early session, stabilizing and rebounding around 4994. The price moved higher with oscillations to the 5033 level before a slight pullback for correction. Currently, it is trading near 5027, showing a pattern of initial rise followed by a slight decline, with oscillations leaning toward strength.

From a technical perspective, the short-term range is clear: after testing the upper resistance and encountering resistance, the price pulled back, revealing selling pressure at higher levels; the short-term moving averages remain in a bullish alignment, with the mid-level acting as a significant support. If gold maintains above the 5000 level, the bullish momentum for further upside remains intact; if it breaks below the mid-level and tests the lower band, caution should be exercised regarding a short-term correction.

Gold is pulling back around the 5000-4980 area, with an upside target near 5040-5100. #比特币站上7.5万美元 $XAU