Yesterday's market trend was completely in line with expectations. Gold prices rebounded immediately after touching the key support at 4410, then climbed all the way up, successfully breaking through the 4460 resistance level. Today, the opening price surged directly to around 4480, and the bullish momentum is extremely fierce.



From the candlestick pattern, a Morning Star bullish formation appeared on the 4-hour chart, indicating sufficient upward momentum. However, the 4500 integer level on the daily chart faces some resistance, and short-term consolidation may occur.

The MACD indicator has been steadily rising with increasing volume, and the two lines are approaching a crossover point. After gathering strength, it is expected to form a zero-axis golden cross signal; the KDJ and RSI also point to bullish dominance, and the overall upward trend remains intact. Considering that tonight's non-farm payroll data may provide additional positive signals, the subsequent strategy is—any pullback is an opportunity to enter.

**Short-term trading idea:** When gold prices pull back to the 4440-4460 range, decisively go long, with initial targets focusing on the 4520-4550 area.
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RetroHodler91vip
· 01-09 02:02
This surge of 4480 is quite intense, and it feels like the 4500 level is hanging in the balance.
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VirtualRichDreamvip
· 01-09 02:02
If 4500 can't be broken, then we'll wait. Before the non-farm payrolls, we still need to be cautious.
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RektButSmilingvip
· 01-09 01:39
That level at 4500 really can't hold, non-farm payrolls are still going to stir things up. It's better to wait for a pullback before getting in for a safer move.
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