Continue buying gold: it will continue to rise after a pullback!GoldOANDA:XAUUSDRay_ChartWe successfully closed our long position near 4736 at around 4762 to lock in profits. Gold has now retreated to the 4740-4720 area. I think this could very well be another opportunity to go long on gold. Although gold gradually retreated after touching the 4840-4860 area, seemingly indicating a lack of sustained bullish momentum, we can see that it has maintained its position above 4730 during the pullback, not to mention the considerable distance from 4700. Therefore, gold is still maintaining a clear upward-trending structure. I believe the pullback in gold prices is a sign of a healthy trend. Gold prices surged today due to news-driven factors, breaking through key resistance levels such as 4700 and 4800. The current pullback is a healthy technical correction, which is more conducive to maintaining the current upward trend. Therefore, I believe that the current pullback will not pose a systemic risk. After multiple pullbacks and tests of the lower support, if it can still remain above 4730-4710, I think the bullish sentiment will be even stronger. The rise in gold may have just begun, and it is expected to break through the 4850-4870 area, and may even continue to rise to the 4900 or even the 4950 area. Short-term technical support levels: 4740-4720 / 4700-4680 Short-term technical resistance levels: 4850-4870 / 4900-4920 Therefore, in short-term trading, I believe we can continue to consider trying to buy gold within the 4740-4720 range.