Gold's performance today was truly classic — it briefly dipped to 4407, then turned around and surged to 4484. Such a deep V-shaped reversal demonstrates considerable strength. By the close of the white session, gold prices repeatedly tested around 4471. The overall pattern shows a strong rebound after a bottoming out, with the bulls clearly in control.

Speaking of tonight, the non-farm payrolls data is the real guiding force. Before this data is released, the market remains uncertain. If the non-farm figures fall short of expectations, the Fed's rate cut expectations will be further reinforced, the US dollar will weaken inevitably, and gold can continue its rally; but if the data exceeds expectations, a short-term correction might occur. However, given today's fierce V-shaped reversal, the bullish support remains quite strong, and the downside space should be limited.

From a technical perspective, after stabilizing at 4407, gold has not attempted to break below again. The 1-hour K-line's moving average system is neatly aligned in a bullish direction, and the MACD's red histogram continues to expand, indicating that short-term buying momentum is still being steadily supplied. On the chart, 4484 is the main resistance level today, while 4470 is the nearest support. If the price can hold above 4470 tonight, the bulls are likely to push for a new high; if it breaks below, then we need to see if 4454 can hold.

The trading strategy is as follows — if gold pulls back to the 4445-4455 range, consider entering long positions with a stop-loss below 4440, targeting 4485-4490, and if it breaks higher, look toward 4495-4500. Conversely, if it rebounds near 4490-4500, there may be an opportunity for short positions, with a stop above 4505, targeting a retracement to 4455-4450, and if it breaks below, continue to watch 4445-4440.

Disclaimer: This article is for market analysis and trading ideas only and does not constitute any investment advice. Trading involves risks; please trade cautiously.