$4,800 Hit! Is Gold Ready for the $4,900 Surge?GOLD (US$/OZ)TVC:GOLDAnalyze-kingGold is currently in an upward cycle; in the short term, gold prices are fluctuating significantly due to the US-Iran situation; in the medium term, boosted by the Fed's interest rate cut, gold prices will test the support level of $4900-$5000. However, from a technical perspective, gold prices face channel resistance, and the possibility of a pullback to $5596 is low. After consolidating on Tuesday, gold prices broke through $4800 in the Asian trading session, boosted by the US-Iran ceasefire agreement, with a target of $4900. During the Asian trading session, short-term support is at $4800-$4780, with strong support at $4760; short-term resistance is at $4845, with strong resistance at $4900. A break above $4900 could see gold prices test $5000. Trading Strategy: Long position recommended. Strategy 1: Buy near $4780, with a stop-loss at $4760, and a target price of $4900-$5000.