From a technical perspective, gold is facing clear resistance at the upper band of the 4-hour Bollinger Bands, and the 4655 level is worth paying close attention to. For those looking to bottom fish, consider positioning short positions here, but the possibility of a direct surge to 4650 is actually low.

The support below remains the old baseline—between 4570 and 4580—this is a key support level that has been repeatedly validated recently. The trading strategy for today is very clear: repeatedly buy low and sell high within the 4570 to 4650 range, and follow the intraday fluctuations within this zone. Short-term opportunities are actually hidden in the oscillations within this range, so patience is key.