Enze: After a deep correction in gold, a new round of market trend is coming

Yesterday, gold opened at 5183, surged to 5198, then entered a unilateral decline, touching a low of 5015. It then stabilized and rebounded, with the highest recovery near 5140 before testing support again. Overall, the pattern shows a bottoming out followed by a rally, with a oscillating correction rhythm.

Technically, the outlook has gradually shifted to a bullish pattern. The bullish momentum is building up, and the rapid rebound after a pullback confirms the effectiveness of the support below. This week, gold is likely to remain in a consolidation pattern: if it breaks through 5230 effectively, the bullish trend will be officially confirmed; otherwise, it will continue to consolidate within the range.

Specific trading strategies:

Buy on dips in the 5045–5050 range. If it drops to 5020–5025, add to the position. Set stop-loss below 4990. The initial target is 5200–5210. If broken, hold for higher gains.

Panzhong will monitor signals in real-time, and specific entry and exit points will be announced simultaneously.

Reminder:

The above analysis is Enze’s personal view. The market is ever-changing, so please rely on Enze’s actual signals!