GOLD: Rally-Pullback-Consolidation PatternGold / U.S. DollarFOREXCOM:XAUUSDAlistair_AnalystThe market demonstrated a pattern of sharp rally followed by a pullback and high-level consolidation today, with the 4600–4640 range acting as the core battleground for bulls and bears. This movement is fully in line with our earlier forecast that “price would face pressure at the 4640 resistance and undergo high-level consolidation”. Resistance Levels: First Resistance: 4620, a confluent resistance zone formed by the 5-period moving average and the middle band of the Bollinger Bands on the 1-hour chart Strong Resistance: 4640–4645, a historical high area that serves as the critical dividing line between bulls and bears Extended Resistance: 4660, a psychological resistance level marked by the round-number threshold Support Levels: First Support: 4600, a confluent support level combining the round-number mark and the 10-period moving average (MA10) Strong Support: 4580–4585, a confluent support zone anchored by the intraday low and the middle band of the Bollinger Bands, also serving as the core defensive line for bulls Ultimate Support: 4550, a key support level formed by support-resistance flip, which also functions as the ideal zone for medium-term long-position entries Trading Strategy: Buy 4610 - 4600 SL 4590 TP 4620 - 4630 - 4640 Sell 4650 - 4640 SL 4660 TP 4620 - 4610 - 4600