Gold Technical Analysis: Reviewing this week's market, gold prices found support at the $4020 level at the beginning of the week, subsequently initiating a rebound. Yesterday, gold prices rose to test the $4100 level before encountering resistance and falling back. However, the pullback only reached $4065 before stopping, with the retracement significantly narrowing, indicating some buying support. Gold prices have been consolidating around the $4020 level for over a month, and as time goes on, this prolonged sideways consolidation is gradually nearing the end of its correction phase. The market could launch a new round of upward movement at any time. With Middle Eastern media echoing the news of the reopening of the Strait of Hormuz, further pressuring the US dollar index, gold prices continued their strong bullish trend, reaching a new intraday high near $4180. Although the bulls released positive signals, the lack of official announcements from both the US and Iran left the market with lingering doubts, thus limiting the overall upward momentum.

Today's bullish rally exceeded short-term expectations, with gold prices accelerating after a strong breakout from 4065 to 4100, directly breaking last Friday's high of 4120 and currently reaching a high of 4180. The key focus today is the 4180-4200 resistance zone, a crucial level that has seen multiple previous tops and pullbacks. If the price reaches the 4180-4200 range but fails to break through and accelerate in one go, a short position can be initiated. If a strong breakout with high volume breaks through 4180 and holds above 4200, then shorting should be abandoned, and the price could potentially reach 4220-4250. After a breakout, a pullback to the 4130-4100 range could be a good entry point for long positions. This complete upward trend is entirely driven by market expectations of a US-Iran reconciliation and the reopening of the Taiwan Strait. Currently, it's a typical "buy the rumor" market. Once official news is confirmed, a pullback after the initial surge is highly likely, a "sell the fact" scenario. Therefore, avoid blindly chasing the market at high levels and focus on observing the key resistance levels. In summary, the recommended trading strategy for gold is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is 4180-4200, while the key support level is 4120-4100. Please keep up with the market's pace.