Hua Zai's Market Commentary Morning Gold Outlook:

Good morning, gold tested lows yesterday and rebounded, moving in a range with oscillations, with no clear trend of bullish or bearish dominance.

The US dollar and US bonds continue to suppress the market, with obvious resistance on the upside during rebounds, and strong buying support at lower levels, resulting in short-term range consolidation and shakeout.

The daily chart closed with a downward correction, and the high-level pullback pattern remains unchanged. Rebound momentum is insufficient, but the downside space is also limited, with key support intact.

As the weekend approaches, trading is light, with no major news impact, likely to continue range-bound oscillation.

In the morning, hold onto support and resistance levels, with light positions for high short and low long within the range. Avoid chasing orders; adopt a steady approach.

Trading Suggestions:
Short in batches at 4685-4688

Target
4700-4750