Analysis of the Gold Market Trend On Tuesday, February 4th, gold opened higher and continued to climb, staging a significant rebound with notably strong momentum. The session's low was 4670.51, while the price reached a high near 4994. From the current price action, the rebound appears robust, with the closing price exceeding expectations, suggesting a high probability of further short-term upward movement.
On the daily chart, after a series of sharp declines, the market is beginning to stabilize and rebound. Short-term focus should be on the resistance zone around the 5100 level. On the 4-hour chart, a small V-shaped reversal pattern has emerged. Currently, the price action remains slightly bullish as it continues to trade along the short-term moving averages. The price is gradually breaking out of its recent high-level consolidation range, indicating that the near-term bias remains tilted towards strength.
On the hourly chart, following a period of continuous narrow-range consolidation, the technical indicators are starting to repair. The short-term moving averages are beginning to hook upward and diverge, suggesting there is likely further room for appreciation in the near term.
Based on the above analysis, the trading strategy for today is recommended to primarily focus on buying on dips, with selling on rallies as a secondary approach. For support, monitor the 4985-4970 area in the short term, with key strong support levels at 4925-4900. For resistance, watch the 5060-5100 zone in the near term, with major resistance expected around 5140-5160. Specific entry and exit points will be provided in real-time trading. Individuals interested in gold trading who are unsure how to proceed or are dissatisfied with their current results are welcome to communicate with Liu Fuyun for discussion.
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