Reviewing yesterday's gold surge and subsequent crash, it steadily declined with volatility. After facing resistance at 4753, it continued to fall, dropping directly to a low of 4664 in the evening, and fluctuated around 4700 before the close. The bulls lacked strength to resist, and the market clearly showed weakness.

Fundamentally, geopolitical tensions and fluctuations in the US dollar have been continuously affecting gold prices. Currently, market trading is quite cautious, and technical indicators also suggest a need for a correction, so short-term gold pressure is quite high.
Now, the gold price is oscillating between the middle and lower bands of the Bollinger Bands, with both the upper and middle bands trending downward, indicating that the short-term bears are fully in control. The key support to watch is the lower Bollinger Band at 4675, and the first resistance level is the middle band at 4704. Several rebounds have failed to stabilize above the middle band, clearly showing a weak trend.
Trading strategy
● Buy in stages around 4660-4640, targeting 4700-4750. If a strong breakout occurs, continue to hold positions upward.
● If the rebound stalls around 4750, consider shorting, with profit targets between 4730-4700. $XAU