Gold stabilized around $4412 yesterday and rebounded, once again confirming our previous analysis. The strength of the buy orders at that level has spoken for itself through the market movement.

The most critical factor now is the Non-Farm Payrolls data; the market is generally consolidating and accumulating energy. Looking at the 4-hour Bollinger Bands, they are tightening, and the volatility range has been compressed quite small. Both bullish and bearish funds are on hold, waiting for the fundamental data to set the tone.

The night will eventually pass; the current buildup is just preparation for the next breakout. Keep a small position and stay steady, be patient. When the Non-Farm data is released, you'll understand why it's important to stay committed.

Currently, gold is still oscillating within a wide range, mainly between $4415 and $4490. The strategy is to buy low and sell high within this zone, but avoid chasing the market or panic selling. Risk management is always the top priority. As the market moves, adjust your strategy accordingly and follow the real-time trend to guide your actions.

Looking upward, $4475-$4480 is the first resistance. Once this level is broken and stabilized, the resistance at $4500 will diminish. From a chart perspective, we are at a critical point of convergence and consolidation, and the time to choose a direction is approaching.

On the strategy side, continue to build positions on dips before the Non-Farm data, going long at lower levels. Focus on the $4450-$4455 zone, where you can place small long positions; if the price drops back to $4415-$4423, add to your positions gradually, with a stop-loss around $4403 to hedge against the risk of the data release. Do not rush to close your existing long positions; wait until after the Non-Farm report to see the market’s reaction.

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