On Monday, gold opened higher but then fell into a prolonged sideways movement, repeatedly competing around 4655 throughout the day. We have repeatedly taken short-term long positions at this level; although each trade has limited space, the accumulated gains are quite good.

From a long-term perspective, the upward trend remains solid. Many traders generally expect gold prices to break through the 5000 mark in 2026. The ongoing safe-haven buying driven by declining global risk appetite continues to flow in, providing strong support for gold and silver.

Currently, the 1-hour chart shows resistance during sideways consolidation, with short-term support around 4660-4655; the 4-hour support level is near 4630-4640; the daily indicators still lean bullish, and the overall approach is to follow the trend.

In terms of trading strategy, continuing to focus on low-range long positions is more prudent. Opportunities can be watched around the support at 4655-4660. If the price retraces to the 4640-4600 range, there's no need to rush; deploying trades in batches and stages is the key. The medium-term target is above 4700, and in the near term, efforts can be directed toward this goal.