Gold trading has been excellent today!GoldOANDA:XAUUSDcvwv1197 Yesterday, we successfully took profit on our long positions. Today, we went long at 4040 during the European session and are holding the position (currently at 4065); we will continue to look for long opportunities on any pullbacks during the US session. Regarding the broader trend for gold—which we have discussed repeatedly—the price is currently in an upward cycle following the confirmation of a short-term base in the 3943–3960 range. After an initial rebound to 4202, the price pulled back and consolidated; while short-term volatility is driven by US-Iran tensions, our medium-term outlook remains firmly bullish, with initial targets at 4200 and the channel resistance at 4500. After the surge to 4116, we noted that the daily candlestick pattern favored the bulls and maintained a bullish outlook. During the Asian session, the price pulled back to 4028 before rebounding; it is currently trading at 4070, aligning with our expectations, and we remain bullish for the US session. Short-term support lies at 4060, with strong support at 4050. Short-term resistance is at 4080–4090, with strong resistance at 4100–4116; a breakout targets 4140–4165. In terms of strategy: we took profit on longs entered at 4015 yesterday; today, we went long at 4040 and are holding at 4065, with plans to add longs on pullbacks during the US session (updates will be provided intraday if conditions change). Buy in the 4060–4050 range; stop-loss at 4040; target 4116; hold if the resistance level breaks.