Gold has performed strongly recently, showing an interesting trend during the week. From a technical perspective, it opened Wednesday at $4,484, surged to $4,525 in the early session but faced resistance and pulled back. Throughout the Asian and European trading hours, it maintained a weak oscillation until the US session, when it fell near $4,484, which became a key support level.

The rebound then began, and during the US session, a strong rally was initiated, ultimately closing at $4,487. Due to the holiday closure on Thursday, trading continued today, carrying over the momentum from yesterday. Gold surged with increased volume, breaking through $4,531, demonstrating strong bullish momentum.

From a technical pattern perspective, the daily chart shows a long-legged doji with equal upper and lower shadows, which in traditional technical analysis often indicates a potential decision point. Currently, the bulls appear to have the advantage. The key support level below is set at $4,480; holding this level will continue to support upward movement.

In terms of short-term trading strategy, buying on dips at the support level is worth considering. The initial target is around the $4,540 zone. Breaking through this level could open further upside potential.