Gold's recent movement requires close attention to the 4634 level, with a short-term target of 4650. But there's a problem— the upper Bollinger Band on the 4-hour chart is pressing against 4655, which is a significant resistance level. Additionally, the indicator performance isn't ideal, so it's not so easy for the gold price to break through directly to 4650.



For those looking to short, consider opening positions around 4655. Looking downward, the 4570 to 4580 range remains the main support; don't break it easily.

Today's trading strategy is to short at high levels and go long at low levels. Play within the 4570 to 4650 range, avoid chasing too high, and don't be greedy.
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