Gold's Technical Strength Remains Unchanged: Bulls Aim for 4800,Gold vs US DollarPEPPERSTONE:XAUUSDAnnika_xauGold's Technical Strength Remains Unchanged: Bulls Aim for 4800, Pullbacks Offer Opportunities Spot gold continued its moderate upward trend on Tuesday, currently trading around $4780. Although the market is focused on the US March PPI data later tonight, with expectations of higher inflation potentially putting pressure on gold prices, geopolitical risks and a weak dollar provide solid support, limiting the expected negative impact of the data. Market Sentiment: Macroeconomic Support and Technical Upward Momentum The current gold market is in a healthy structure of "macroeconomic support and technical guidance." Geopolitical risks, energy inflation expectations, and a weaker dollar collectively provide medium-term support, while technically, gold prices have successfully broken free from previous resistance, and bulls are steadily advancing a new round of offensive. If tonight's PPI data exceeds expectations, it may cause short-term market volatility, but if the data falls short of expectations, it could ignite expectations of interest rate cuts, helping gold prices break through key levels. Daily Chart: Solid Bullish Formation, Ample Upward Momentum The daily chart shows that gold prices continue their medium-term upward trend. Yesterday's long lower shadow bullish candlestick completed a V-shaped reversal, and today's continued bullish close forms a two-day winning streak, completely filling Monday's gap and demonstrating the absolute dominance of bullish forces. The price remains firmly above the 5-day, 10-day, and 20-day moving averages, with the moving average system in a standard bullish alignment. The MA5 and MA10 have moved up to $4745 and $4715 respectively, forming a layered support. The MACD fast and slow lines have formed a golden cross above the zero line, with the red momentum bars continuing to increase. Both the KDJ and RSI are in strong territory but not overbought, suggesting further upside potential. The Bollinger Bands are widening upwards, with the price closely following the upper band, clearly focusing on the $4800 psychological level in the short term. Four-Hour Chart: Standard Ascending Channel, Every Pullback is a Buying Opportunity The four-hour chart shows a clear ascending channel, with the low rising steadily from $4644 to $4750, and the high moving up to $4795. Each pullback to the lower channel line has received strong buying support, demonstrating a strong bullish pattern. The moving averages are diverging upwards, with the Bollinger Band middle line continuing to rise and supporting the price, while the upper band is gradually opening up space. The MACD golden cross is showing stable volume with no bearish divergence signal; the KDJ has turned upwards again after adjusting at a mid-to-high level, indicating a second wave of bullish momentum. The RSI is stable above 50. Short-term focus is on the 4795-4800 resistance zone and the 4750 lower Bollinger Band support. Hourly Chart: Sideways Movement Instead of Pullback, Strong Trend is Evident On the hourly chart, gold prices maintain a strong upward trend, with sideways consolidation replacing a deep pullback, a typical strong pattern. Multiple dips to the 4750-4760 range have been quickly recovered, indicating strong buying support. The MA5 and MA10 have converged and then diverged upwards, with short-term support at 4765-4770 USD, reinforced by the rising MA20. The MACD golden cross is showing moderate volume, while the KDJ is slightly overbought, suggesting a possible slight consolidation in the short term, but unlikely to change the overall upward trend. Pullbacks present short-term entry opportunities. Specific Trading Strategy: The bulls are writing their own rhythm, and each pullback feels like a gentle gift from the market. Long Strategy: After gold prices pull back to the $4765-$4770 range and stabilize, consider buying in batches with light positions, with a strict stop-loss below $4750. The initial target is $4795-$4800. If there is a strong breakout above $4800, the next target is around $4820. Short Positions: Only for aggressive traders. If gold prices rebound to the $4815-$4820 range and encounter resistance before falling back, consider a light short position, with a stop-loss above $4825. The target is $4790-$4785. Short positions must be short-term and quick to enter and exit; avoid greed. Market Focus: Tonight's key focus will be on the US March PPI data and speeches by Federal Reserve officials. If the data is positive and an interest rate cut is implemented, gold prices are expected to break through the $4,800 resistance level, opening up new upward potential. If the data is negative, a short-term pullback will not change the medium-term upward trend, as geopolitical risk aversion will continue to limit downside. At the same time, pay attention to the developments in the Middle East; any escalation of conflict could be a catalyst for further increases in gold prices. In summary: The trend is clear; following the trend is the best strategy. Every pullback presents a good opportunity for bulls to re-enter the market.