Today, gold remains weak and oscillating at high levels, currently trading around 4690. After a brief surge overnight, it has slightly corrected and stabilized.

News: The Middle East geopolitical situation remains volatile, with a brief cooling off due to ceasefire news, but conflicts reigniting afterward have supported gold prices; US ADP employment data exceeded expectations, delaying market expectations for rate cuts, and the dollar has strengthened slightly, suppressing gold's upward momentum; global central banks continue to buy gold, providing solid medium- and long-term support. Today, focus on speeches by Federal Reserve officials, watch for shifts in rate cut expectations, and monitor any sudden developments in the Middle East.

Technical: The daily chart shows a healthy bullish trend, but RSI has entered overbought territory, indicating a short-term correction may be needed; the 4-hour chart maintains a bullish arrangement, with strong resistance at 4700–4720, and key support at 4660, followed by the 4638–4620 range. Breaking below 4660 could lead to further declines toward 4620–4600.

Market forecast: Operate within the range by selling high and buying low, strictly manage risk, and pay close attention to support and resistance breakouts.
Today's main prediction is centered around the range of 4600–4620.