In the early session, gold gained momentum from the overnight bulls and surged to the 4135 resistance level; then the upward strength clearly weakened, and the market consolidated with slight downward pressure.

The long-term uptrend remains intact, but in the short term, consecutive gains have built up a considerable amount of profit-taking, creating a need for a pullback. Chasing longs at high levels carries significant risk.

Trading plan:
Wait for a pullback to support before placing long orders; if price meets resistance in the 4130-4160 pressure zone, you can take a short position accordingly. Targets are 4100. If it breaks through, further downside could be toward 4075 and 4040.

Remember to set stop-losses strictly for all trades. #事件合约上线