Yesterday, gold maintained a range-bound pattern. Although it briefly fell to $4020 during the US session, it remained within the trading range throughout the day without a breakout.

Today, gold continues its range-bound trading pattern. Looking at the 1-hour chart, the amplitude of gold's fluctuations is gradually narrowing, and the trading range is also shrinking. Therefore, the current support and resistance areas are also gradually compressing. Today's trading strategy is the same as yesterday: both long and short positions in gold offer profit opportunities.

Trading Signals:

1. Short Position: Enter short at $4070-80, stop loss at $4090, target: $4040-50

2. Long Position: Enter long at $4020-30, stop loss at $4010, target: $4050-70