In the morning Asian session, gold prices surged to around 4705 but faced resistance and pulled back, with the European session continuing the weak oscillation pattern. The white trading session generally remained within the support zone of 4648 to the resistance zone of 4705, repeatedly tugging back and forth, with bulls and bears in relatively balanced competition.

In the afternoon, there was a clear resistance at around 4680, and the upward momentum remained relatively weak; short-term support shifted down to 4650, with a key strong support below at 4620. The overall trend followed the linkage with crude oil and the US dollar index.

In terms of trading strategy, you can rely on the two major supports at 4650 and 4620 to gradually accumulate long positions, with short-term targets at 4670 and 4700. Once a valid breakout occurs, you can follow the trend to target the 4730 barrier.

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout at Shipan for specific guidance! $XAUUSD ‌#XAU