Recently, the gold trend has been quite interesting. From a technical chart perspective, the previous correction cycle has completed the entire A-B-C correction wave, and now the price is exactly on the upward trend line. A new wave 5 rally structure has already begun.

The current trend rhythm is as follows: the breakout of wave (1) has been established, and a pullback is likely to occur next. This pullback actually presents a good entry opportunity for traders wanting to participate. Once the pullback is confirmed at the support level, the main upward wave (3) is expected to explode, which would be the real big market move. The main target area is the trend line resistance above.

Regarding trading ideas, I think it’s best to wait until this pullback is fully in place before taking action. Consider deploying in stages near the support level, with stop-loss set below the trend line. This bullish rhythm is already quite clear on the chart; it all depends on whether the market will follow this script.

*Risk warning: The above is only my personal technical analysis and does not constitute any investment advice. Financial markets carry risks; trade cautiously.