Gold Afternoon Strategy: Pressure remains in control, continue to look for a pullback from above

This morning, we laid out a high-altitude strategy in the 4730~4680 range. During the session, the highest point touched 4726 and the lowest dipped to 4687, perfectly matching our expected range and precisely capturing the first wave of intraday movement. From a technical perspective, the 1-hour Bollinger Band upper band around 4730 is providing effective resistance. The current price is still hovering near the middle band with only a weak rebound. Selling pressure is clearly present in the 4725-4735 range above; bullish momentum is insufficient. The deviation rate has risen slightly, but there is no overbought signal, so the rebound strength is limited. In the afternoon, continue to position from the 4725-4735 pressure zone for sell-from-above setups. If it does not break 4735, expect a pullback. The short-term targets are 4690-4680; if support breaks, look toward 4650.

This content is for personal trading analysis only and does not constitute any investment advice. The market has uncertainties—please manage risk properly when trading.