Looking at the performance of gold these past two days, it's indeed quite interesting. During yesterday's Asian trading session, the price briefly surged to around 4500, but there was clear resistance above. After a rebound to 4495, it lacked the momentum to push higher, and the overall pace gradually declined. Our earlier short positions around 4500 were indeed timely, hitting the first target at 4460, and then dropping further to 4440 at midday, reaching the second target. This shows that our rhythm and judgment were quite accurate.

By the European session, the price rebounded to 4474, encountering resistance, then continued to weaken. The short position around 4470 was successfully closed at 4440. On the night before the non-farm payrolls release, another short opportunity appeared, and it hit again. Overall, the bearish strategy has been effective these past two days.

From a technical chart perspective, the short-term bullish momentum is actually quite strong, and this trend is quite clear. However, a key point is that the 4400 level is the dividing line between bulls and bears. Whether this level can be effectively defended is very important. If it holds, it could trigger a new rebound. On the upside, the 4500 integer mark presents a strong resistance. But once broken, the next target could be 4600, and the push towards a new all-time high might begin.

Where are the current opportunities? You can consider shorting around 4475, with targets set between 4430 and 4400.