$XAUUSD

1. Key Price Levels (Spot Gold, USD/Ounce)

- Resistance: 4570/4600 (Strong Resistance)
- Support: 4500/4480 (Strong Support)
- Critical Level for Bulls and Bears: 4450 (Break below weakens)

2. Intraday Short-term (6.1, Monday)

- Strategy: Range-bound between 4480–4550, buy high and sell low, avoid chasing rallies or panic selling
- Long Entry: 4500–4510, stop loss at 4480, target 4550–4570
- Short Entry: 4570–4580, stop loss at 4600, target 4520–4500

3. This Week’s Focus (Set Direction)

1. Wednesday ADP: Small Non-Farm Payrolls, Preview of Non-Farm Payrolls
2. Friday Non-Farm Payrolls (Core) – Strong employment and high wages → Expectation of rate hikes increases → Gold pulls back, aiming for 4350
- Weak employment, cooling → Expect rate cuts → Gold rebounds, aiming for 4600+
3. Middle East Situation: US-Iran negotiations, Lebanon-Israel conflicts, safe-haven demand could erupt at any time

4. Different Positioning Strategies

- Short-term (1–3 days): Strict range, light positions + tight stops, quick in and out
- Swing (1–4 weeks): Buy in batches below 4450, stop loss at 4365, target 4700+ (after non-farm data release)
- Physical Gold: Jewelry at around 1370 RMB/gram, buy in batches for necessity, avoid heavy speculative positions

Summary

Short-term: buy low and sell high between 4480–4550, set direction on Friday based on non-farm data;
If 4450 holds, remain bullish; if broken, turn bearish.