#美国消费者物价指数发布在即 Overnight CPI data was released, and gold surged to a high of 4634, but the momentum clearly faded. In the latter half of the US session, there was a rapid pullback, directly dropping to around 4570. This kind of "good news comes then gets hammered" pattern is actually quite classic—positive data is realized, and profit-taking rushes to exit.

Interestingly, this pullback didn't trigger panic selling. Instead, it looks like the main players are taking advantage of the data boost at high levels to leverage, shaking out those less committed chips. Once this round of shakeout ends, the market will start consolidating within a range.

Looking at the 4-hour rhythm, gold is currently stuck in a high-level correction phase. The retracement's magnitude and duration are tightly controlled, with the 4570 to 4560 zone forming a solid support line. As long as the correction concludes, this upward trend is likely to continue. The key is to grasp the rhythm of the adjustment and not be scared by false signals.

In terms of trading, it's simple: as long as the 4570 critical level isn't truly broken, the bulls shouldn't change their stance. The target range is set between 4630 and 4650, waiting for the market to give you the answer.