Gold has been quite interesting these past couple of days. The price has been bouncing around near the upper Bollinger Band, fluctuating within the 4617 to 4690 range. Currently, it remains in a typical high-level consolidation phase.

From a technical perspective, the KDJ indicator shows that both the K line and D line are staying at high levels, but the J line has already started to turn downward—indicating that the short-term bullish momentum is gradually weakening, and a technical correction is likely to occur.

The MACD situation is quite intriguing. The DIFF line is still below the DEA line, but the green histogram bars are continuously narrowing, which means the bearish momentum is gradually diminishing. Combining these signals, the market is likely to continue oscillating with a slight bullish bias.

Specific trading ideas are as follows:

**Bullish outlook**: Look for opportunities to buy within the 4650-4660 range, with a stop-loss below 4640. The initial target is 4680; if broken, then aim for 4730.

**Bearish outlook**: Enter when facing resistance at 4680-4690, with a stop-loss above 4700. The target is a pullback to 4660; if it continues to break downward, then watch for support at 4600.

Overall, this consolidation won't last too long. Patience and confirmation of the trend are key.