Gold rose as expected; buy on the pullback.GOLD (US$/OZ)TVC:GOLDMatthew_8888The recent movement in the gold market has fully aligned with our earlier bullish expectations. Particularly over the past two trading sessions, we consistently implemented a strategy of buying on dips around key support levels—starting from the $3,350 initial rise point, to the secondary pullback at $3,361, and finally yesterday’s trendline support. Each entry accurately captured the market’s rhythm, ultimately yielding substantial profits. From a technical perspective, although the gold price faced brief resistance in the $3,396–$3,400 range during the day, leading to a minor pullback, both technical and trend logic suggest a high probability of this resistance being broken. On the one hand, gold has successfully broken out of the previous triangular consolidation pattern on the daily chart, completing a full "breakout–pullback–confirmation" structure. Yesterday’s price action, which saw a pullback precisely to the trendline support level followed by a swift rebound, further validated the effectiveness of this trendline and laid a solid foundation for further upside. On the other hand, the breakout from the triangular pattern was accompanied by a moderate increase in trading volume, indicating clear willingness among bullish investors to enter the market. The short-term pullback is more likely a digestion of profits and a consolidation of bullish momentum rather than a signal of trend reversal. Based on this analysis, the intraday trading strategy remains focused on buying on dips, with particular attention to entry opportunities after pullbacks. If the gold price retraces to the $3,384–$3,386 range, this area should be considered a key entry level—a classic case of "resistance turned support" (as this range previously acted as short-term resistance but has now transformed into valid support following the breakout). Long positions can be initiated at this level. For risk management, set a strict stop-loss below $3,377, as this level not only marks the lower boundary of yesterday’s trendline support but also serves as a short-term bull-bear dividing line. A break below this point would indicate insufficient upward momentum, warranting timely risk avoidance. In terms of targets, the first take-profit level is set at $3,410, which represents the upper boundary of the previous consolidation platform and carries certain resistance. If the price breaks above $3,410 with supporting volume, the second take-profit level at $3,420 comes into play, potentially opening the door for further upward movement. Throughout the trading process, close attention should be paid to the breakthrough of the $3,396–$3,400 resistance range. If an early breakout occurs with increased volume, consider adding positions to capitalize on the trend’s continuation.