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Gold Day Analysis 3.5
Currently, gold is hovering around 5190, fluctuating after reaching the morning low and then rebounding, indicating a short-term recovery trend. Above, 5200-5205 is a clear resistance level; if it cannot be broken, it tends to fall back. Below, 5160-5155 is a support level; holding here indicates a fairly strong consolidation.
The rebound structure on the hourly timeframe is still ongoing, with no clear peak signal yet. This afternoon, expect sideways movement with a bullish tendency, focus on buying when the price drops again, and avoid chasing the rally.
In trading, buy when the price returns to around 5165, protect below 5155, the first target is 5200. If broken successfully, the next target is around 5230.
Risk warning: Investing involves risks. Enter the market cautiously. The analysis above is for reference only and does not constitute investment advice.