Geopolitical situations are always a catalyst for financial markets. Once the risk of conflict escalates, safe-haven funds start flowing into gold and silver. This wave of market movement begins here—starting from the key bottom at 4660.

This support level is not just a casual mention; the previously emphasized entry opportunities are right here. After the price stabilizes at this point, it releases a series of strong bullish candles, directly breaking through the critical resistance at 4680, completing a structural breakout (BOS signal). Once the breakout is confirmed, the momentum accelerates—on the 1-hour chart, a beautiful stair-step upward pattern emerges, with each rally followed by minor corrections to confirm support, then immediately launching a new surge, ultimately reaching 4845, with a total increase of over 180 points.

The current situation is as follows: around 4800 has become the first line of defense after the recent rally, serving as the core support in this consolidation pattern, with the price repeatedly bouncing off this level. Further down, the 4768-4780 range forms the second line of defense, where the previous resistance has turned into support, providing confidence even if there is a short-term dip below 4800.

Above, there is resistance at 4837-4840. After an initial push, the price pulled back, and currently, there are profit-taking orders and trapped sell orders stacked here. Breaking through this level is not impossible, but it requires digestion of the chips through consolidation and indicator repair. Only after volume and momentum re-concentrate can a truly effective breakout occur.

Overall, the current upward consolidation pattern is structurally complete, bullish support is effective, and trading volume is cooperating well. The probability of further gains is clearly higher than the risk of a pullback.