#BTC Gold yesterday afternoon clearly moved higher, reaching around 4750 before exiting the market; after a slight pullback, it advanced again, but was unable to break through the strong resistance at 4775.

The morning trend continued to weaken, currently pulling back to the 4690 level. Looking at the market, yesterday’s two key resistance levels are very clear: 4750 and 4775. For the first resistance level, a long position is preferred; upon reaching the second resistance level, a short position can be considered. Currently, short positions have already gained 70 points. So don’t blindly chase the trend; instead, watch whether the resistance is broken or not. Only after a valid break can you follow the trend.

As CPI data approaches tonight, the market has entered a pre-emptive consolidation mode, with the direction mainly waiting for the data to be released. From a macro perspective, the probability of a negative CPI report tonight is higher; but gold inherently has anti-inflation and safe-haven properties, with solid long-term support. Even if a short position is triggered, the downward move won’t be a rapid crash. It will just weaken.

Range of 4720—4740 for short positions, with a stop at 4780, and short-term targets around 4550—4500. #TROLL两日涨超160%