Gold Morning Review: Follow the Trend, Precise Positioning, Focus on 4710-4720 Resistance Zone Today

In trading, the direction is more important than effort, and rhythm is more critical than entry points. Reflecting on yesterday's gold market, our analysis was clear and judgments accurate. We successfully identified key levels, and those who kept pace have already secured substantial gains.

Today's Key Points to Watch

At this critical Friday juncture, combining yesterday's movement and technical analysis, our strategy should focus on the following:

1. Overall Direction Still Bearish
Yesterday's sharp decline was met with a minor technical rebound, which is merely a correction within the downtrend. The overall weak structure remains unchanged.

2. Pay Attention to the Midday Time Window
Yesterday, the market encountered resistance and pulled back before midday. Today, we should closely monitor this same period. When time and price resonate, the probability of success increases.

3. Key Resistance Zone Today: 4710-4720 Area
Yesterday's low was 4502, the second-high rebound high was 4649, with a rebound of about 150 dollars, and a secondary low at 4565. Using equidistant measurement, the main resistance today is in the 4710-4720 zone, which is our primary area for short entries.

4. If Price Does Not Reach the Zone Before 11 AM
If before 11 AM the price does not touch the above zone, we can rely on yesterday's overall 50% retracement resistance at 4685 or just below the morning high to enter short positions, following the trend.

5. Friday Fund Rebalancing, Watch for Further Weakness
Today is Friday, and weekend fund reallocation is strong. Be cautious of gold prices weakening again after a short-term correction.

Clear and Focused Strategy for Today:
- Focus on the 4710-4720 zone. Once reached, consider short positions.
- If before 11 AM the price does not reach this zone, directly short based on the early session high, following the trend. Target continued declines during the European session, maintaining the bearish rhythm.

(This analysis is for reference only. Trading based on this carries your own risk.)