The overall gold pattern today is defined as range-bound with a slight bearish bias. For today’s intraday trend strength and trading layout, the core relies on two key pivot ranges. The overall approach is mainly to short while under pressure; if a breakout occurs, switch strategies accordingly:

1. The core strength/weakness pivot for the intraday is the 4500-4510 range. This is the key pressure point from yesterday’s U.S. session decline, and it plays a decisive role in the near-term market direction. Before the price effectively breaks above, the overall weak structure remains unchanged, and a bearish approach can be executed. If the price fails to hold above this resistance zone, the market will continue its range-bound downward trend;

2. In terms of execution, if before the European session the price retraces to the 4500-4510 pressure zone, you may try a small short position. For the short-term phase targets, look at 4480 and then 4460 in sequence. If the market effectively breaks below the key pivot at 4448, bearish momentum will be further released, the downside will continue, and you may look toward the 4440 area afterward;

3. Also prepare for a market reversal response strategy: if the European session strongly breaks out and holds above 4510, it means the short-term weak structure has been completely broken, and the market switches to a high-level range-bound pattern. All short positions must be fully closed. Follow up with long positions in line with the move, with upside targets at 4525 and 4550. $XAUUSD