#美国证券交易委员会推进数字资产监管框架创新 In a normal market fluctuation, what do traders rely on to win? Patience and waiting. Every bottom confirmation is accumulating momentum, and every resistance test is approaching a winning probability.

Gold has indeed been a bit tough this week—four consecutive days of opening high and closing low, and last night it even surged to 4375 before being hammered back, closing at 4330, and briefly touching the 4307 support level. From another perspective, this is more of a consolidation rather than a collapse.

The Bank of Japan's interest rate hike of 25 basis points this morning was in line with expectations, and this is the key variable today. But don’t be scared: last August’s rate hike was truly aggressive, causing gold to plunge 8% in a single day. And this time? The market has already priced in the expectation months in advance, with no surprise rate hike, so it didn’t trigger a liquidity panic sell-off. The short-term correction is more about emotional fluctuations rather than a trend reversal signal.

The long-term logic remains unchanged—the main trend of gold oscillating upward is still intact, and there’s no need to be overly nervous. But one detail to watch closely: the 4350 to 4380 range has become the biggest resistance zone this week. Multiple attempts to break through have failed, indicating a significant accumulation of positions here. Short-term attempts to break the level are indeed quite challenging.

Operational reference (for decision-making only):
Recently, gold can look for northward opportunities around 4310-4300, with an initial target in the 4325-4337 range. If this level holds, then see if it can push toward 4350.

$XAU $BTC $ETH ’s linkage is also worth noting, as the tug-of-war effect between risk assets and safe-haven assets still exists.