Gold previously dipped to around 4065 before staging a strong rally, peaking at 4213 just before the European session—a gain of over 100 points. With no major fundamental changes, this movement suggests the market is pricing in bullish expectations for the ADP data ahead of time, demonstrating the determination of major players to control the market. As previously noted, strong resistance lies at 4165; following today's breakout, the key during the European session is whether the price can hold above this level upon a retest. If it holds, the bullish momentum continues, pointing to potential new highs during the US session. However, the ADP data cannot be ignored; a scenario where the price surges, bulls exhaust their momentum, and a pullback occurs to shake out weak hands is possible. Therefore, avoid blindly chasing the upside during the US session; instead, prioritize buying on pullbacks. Support levels are at 4150 and 4120, with upside targets at 4200 and 4220. A confirmed bottom requires a breakout and stabilization above 4220.

Trading Recommendation: Sell Gold now! Sell in the 4195–4210 range; targets: 4110, 4090, and 4070.
During tomorrow's Asian session, consider a light long position if the price pulls back to the 4060 support level; alternatively, look to short if the price fails to break the 4140–4143 resistance zone.