The gold market opened this morning around 5083 and found support, then oscillated upward, reaching a intra-day high of 5190 before pulling back slightly. Currently, it is consolidating around 5165. The 5-minute candlestick chart shows that the bulls were relatively strong in the early session, but after the surge, profit-taking appeared, and the bulls and bears are now in increased struggle.



News-wise, international geopolitical tensions are intensifying, boosting market risk aversion sentiment and supporting gold prices; at the same time, Federal Reserve policy expectations continue to influence gold price movements, so it is important to pay attention to upcoming economic data guidance.

Technically, on the 5-minute chart, after the gold price surged to 5190 and faced resistance, it pulled back, with short-term moving averages showing signs of turning. If it cannot regain and stay above 5180, it is likely to further test the support around 5130.

Operational references:
- A pullback to around 5125–5155 can be considered for short-term buying;
- If the pullback is significant, focus on buying near 5085–5115;
- If the market continues to strengthen directly, consider buying near 5060, with a target above 5200.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trade at your own risk.
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