Hua Zai's Market View on Gold:

On Monday morning, gold continued its range-bound consolidation, with prices moving higher to repair and gather strength. The bulls and bears are evenly matched, and the overall bullish trend remains solid. In the short term, the market is oscillating to digest pressure, with no signs of trend reversal.

The price fluctuates around the 4700 level, with resistance above at 4690-4700, where previous trapped positions are concentrated, and upward selling pressure is evident; support below at 4670-4680, holding this level maintains the bullish outlook with low positions unchanged.

The four-hour cycle volatility has narrowed, with downward momentum gradually weakening, and indicators are recovering from low levels. The daily trend remains intact, with moving averages providing support at the bottom; pullbacks are short-term shakeouts, and stabilization at low levels still indicates a bullish outlook.

Trading Suggestions:
Buy on dips in batches at 4680-4690

Targets:
4710-4750