#TradFiCFD黄金大师赛 International spot gold experienced a pullback and rebound yesterday, dipping to a low of 3982 before closing strongly near 4073 at the end of the session. The weekly chart recorded a long lower shadow, indicating support at lower levels.

1. Sentiment Logic
The core short-term pressure remains the Fed's hawkish rate hike expectations, with U.S. bond yields staying elevated and continuing to weigh on gold prices. However, geopolitical避险 (hedging) and continued central bank gold purchases provide a solid bottom, while bargain buying after the sharp decline drove the rebound.

2. Operation Strategy
The overall market is in a range-bound recovery phase, so avoid chasing highs and selling lows. Short positions can be taken on resistance during rebounds, while long positions on support with a swing trading approach, maintaining light positions. Next week’s non-farm payroll data will increase volatility, so strict risk management is essential.