The current market is at a critical decision point, and the subsequent breakout direction will directly determine the short-term trend of gold.



On the 1-hour chart, the gold price is approaching a key trendline resistance level.
Over the past several trading days, the price has been moving along a downward structure, but with the formation of higher lows and a pullback toward the trendline, bullish momentum is gradually accumulating.

The 5125 support level remains effective, maintaining the integrity of the short-term bullish structure.

If the price can effectively break through and stabilize above the trendline, the next key target is 5190 (immediate resistance); a strong breakthrough of this level could see gold prices further rising to challenge the major resistance zone around 5300.

Conversely, if the breakout fails and the price falls below 5125, it may retreat to the 5055 support area, with further decline potentially reaching the liquidity point near 5014.
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