XAUUSD: Buy on dips above 4600GoldOANDA:XAUUSDActuaryJGold opened yesterday and retreated to $4596 before trending upwards. During the European and American sessions, gold continued its bullish momentum, rising to around $4680 before pulling back. The daily chart closed higher again, with moving averages trending upwards, the TRIX indicator showing a golden cross, the KDJ indicator showing a golden cross at a high level, and the accompanying indicators turning downwards into overbought territory. The MACD indicator's fast and slow lines formed a golden cross below the zero line, with increasing upward momentum. The daily chart still indicates a bullish advantage. On the hourly chart, the Bollinger Bands are narrowing. Gold rose to $4697 during the Asian session before pulling back, closing lower. It is currently trading around $4633. The KDJ indicator's J-line is turning downwards, indicating a severely overbought condition, and the accompanying indicators are turning downwards, suggesting a short-term bearish bias. Gold is expected to continue its downward trend during the Asian and European sessions today. Given the current bullish daily chart, intraday trading should focus on buying on dips, with selling requiring a quick in-and-out strategy. Support is seen around $4615, while resistance is expected at the previous high of $4697. My recommendations: BUY: 4610–4605 | SL: 4595 | TP: 4630–4640 SELL: 4675–4680 | SL: 4690 | TP: 4640–4630