Go long on goldGoldOANDA:XAUUSDEdward-wilson0417Hey traders! Gold is poised to test the key 4,800 level during the U.S. session. Intraday, gold exhibited a volatile yet ascending trend, breaking through multiple resistance levels. After successfully reaching our target of 4,700, it continued its upward momentum, hitting a peak of 4,790. The rapid pullback observed during the U.S. session was primarily driven by bearish ADP data, compounded by Iran’s willingness to negotiate and seek a ceasefire, resulting in a dual negative impact. From a technical perspective, the daily chart shows consecutive bullish closes, with significant resistance observed near 4,800. A decisive break above this level could pave the way toward the 5,000 mark. In the near term, traders are advised to maintain alignment with the hourly trend's oscillatory upward rhythm. Opportunities exist for both long and short positions; however, adjustments should be made promptly in case of misalignment. Aggressive long entries at elevated levels are not recommended, as short-term panic selling remains a risk. Key intraday support lies in the 4,600–4,620 range, where long positions may be considered. Near-term shorts can be initiated below 4,800, targeting a decline of 50–100 points. Overall, the strategy remains aligned with the oscillatory uptrend—prioritizing long positions while supplementing with shorts. As long as the hourly uptrend line remains unbroken, low-level long entries should be consistently pursued. Trading Strategy: 1. Consider long positions on a pullback to the 4,600–4,610 range. Add to longs at 4,565–4,573, with a stop loss set below 4,559. Target 4,850–4,900; hold if the breakout continues. 2. If navigating long/short timing proves challenging, consider aligning your trades with our signals.