The morning article clearly emphasized that gold was bullish and any pullbacks would present buying opportunities. Following the trading plan, we first established long positions around 4248, and the price rose as expected, successfully reaching the profit target of 4282. Subsequently, adhering to the strategy, we continued to establish long positions around 4245 and 4231, and profits were realized again when the price rebounded to around 4275, once again validating the trading plan in the market.

From a technical perspective, yesterday's daily chart showed a large bullish candlestick with a strong body, breaking through the long-term consolidation range. The 5-day and 10-day moving averages are accelerating upwards, and the previous resistance level of 4220-4200 has successfully turned into a key short-term support. At the same time, the daily MACD histogram continues to expand, the fast and slow lines maintain a golden cross, and the RSI is in the strong zone, further confirming the overall bullish trend. However, after a significant single-day increase, the market has accumulated a lot of profit-taking, and there is still a need for a technical pullback correction in the short term. On the 4-hour chart, the upper Bollinger Band continues to widen, and after a surge, gold prices have returned to the inside of the Bollinger Bands. Short-term moving averages remain in a bullish alignment, but the KDJ indicator has turned downwards from the overbought zone, indicating a short-term technical indicator correction phase. The hourly chart shows consecutive bearish candles, with the price briefly breaking below the short-term moving average. The 4305 level has formed a temporary resistance. Currently, the overall structure presents a multi-timeframe pattern: the daily chart shows a maintained bullish trend, the 4-hour chart shows a pullback and consolidation, and the hourly chart shows short-term weakness. The market still needs to digest the profit-taking from the previous bulls. At the same time, before the release of the non-farm payroll report, the wait-and-see attitude of funds will gradually increase. Therefore, it is expected that it will be difficult to achieve a sustained one-sided breakout. The key support level to watch is the 4220–4200 area, while the key resistance level to watch is the 4285–4305 area. In terms of trading strategy, continue to focus on buying on dips and secondarily on shorting with light positions when prices are under pressure at higher levels. Avoid blindly chasing highs.