Gold bulls clearly slowed down yesterday, failing to continue the strong upward momentum of Wednesday. The price only briefly tested above 4300 before consolidating at higher levels. From a daily chart perspective, the failure of the bulls to maintain their strong upward momentum after Wednesday's massive bullish candle indicates that the previous rapid rise has already released significant momentum, and the market is gradually entering a consolidation phase at higher levels. The market is also preparing for today's non-farm payroll data release and mitigating potential risks. If the non-farm payroll data is further bullish for gold, the news may push gold prices higher again. However, it should be noted that Wednesday's sharp rise has already exhausted some of the upside potential. Therefore, even if it breaks through 4300, the upside potential may not be sufficient. In the short term, the focus should be on the battle for the 4300 psychological level. Even if it breaks through effectively, there will still be strong technical resistance in the previous high area of 4350-4380. It will not be easy for the bulls to open up further upside. Conversely, if the non-farm payroll data is bearish for gold, then Wednesday's strong rally needs to be re-evaluated. It cannot be ruled out that the previous rise may have been a bull trap or a false breakout. If the data weakens and further pressures gold, it may trigger a concentrated counterattack by short sellers, pushing gold prices back some of the space previously gained rapidly. However, Wednesday's large bullish candlestick has clearly changed the short-term technical structure. Whether the moving average band below can be effectively held needs further confirmation after the data is released. Therefore, before the release of the non-farm payroll data, the market will most likely continue to fluctuate within a high range, and neither the bulls nor the bears will easily bet on a one-sided direction in advance. Key focus for today: Support levels: around 4225-4200; Resistance levels: around 4280-4305. Overall, today's trading strategy is to focus on range-bound trading, avoiding blindly chasing rallies or prematurely predicting tops. After the non-farm payroll data is released, closely observe the key support and resistance levels, and adjust accordingly based on actual market movements. Before a true breakout, patience is often more important than making premature bets.