Technical AnalysisGold vs US DollarPEPPERSTONE:XAUUSDLiamJohnson📊 Technical Analysis 🔹 Daily Chart: Gold has strongly broken through the key resistance level of $4600/oz, closing with a strong upward trend. The moving average system is in a bullish alignment, with the short-term 5-day, 10-day, and 20-day moving averages all turning upwards. The price has stabilized above all short-term moving averages, indicating continued bullish momentum. The MACD indicator shows a continuously expanding red histogram, with the DIF and DEA lines forming a golden cross and diverging upwards simultaneously, their values ​​far from the zero line, indicating strong bullish momentum with no signs of divergence. The KDJ indicator is diverging upwards, approaching the overbought zone but not yet reaching extreme overbought conditions, suggesting further upside potential. 🔹 4-Hour Chart: Gold is in an accelerating upward trend, breaking through the previous consolidation range and entering a strong upward channel. The RSI indicator has rebounded continuously from a low level and is currently approaching the overbought threshold, indicating strong bullish momentum, but caution is advised regarding a potential pullback caused by short-term profit-taking. The MACD indicator shows a continued expansion of the red bars, indicating that bearish momentum has completely subsided and bulls are now dominating the market. The Bollinger Bands have widened significantly upwards, with the price trading above the upper band, demonstrating strong upward momentum. The lower band is supported by the 5-day moving average, suggesting a need for a slight pullback before further upward movement. 🔹 Key Levels: The core support level is $4600/oz (previous resistance has now become support), followed by $4640/oz as the first short-term support line. Short-term resistance is around $4700/oz, with the next structural target at $5392/oz, the extreme deviation above the equilibrium point ($4761/oz).