Yesterday's market was quite interesting — the support level at 4285 was precisely exploited for a long position. After the non-farm payroll data was released, the price shot straight to the target zone of 4330, allowing the bulls to exit smoothly, and then the market began to weaken and adjust. In simple terms, it was about entering and exiting at the right points.

From the daily chart, gold prices are still oscillating at high levels, confined within the 4270-4350 range. The current candlesticks are above the short-term moving averages, with each pullback being relatively mild and lacking in continuation. A detail worth noting is that once the daily chart slightly breaks below, a sustained upward trend could potentially begin.

The four-hour chart is even clearer. The price is moving within a converging triangle, with the range narrowing — a classic sign of accumulation. The short-term moving averages are gradually turning upward, indicating a somewhat strong oscillation pattern. On smaller timeframes, candlesticks are bouncing around the short-term moving averages, and the key for short-term traders is to capture the rhythm of adjustments and the extent of recovery.

The trading strategy is straightforward: consider going long within the 4295-4300 range, with a stop-loss at 4285, and target the 4330-4350 zone. The crucial point is to wait for a genuine breakout signal and not be scared off by repeated false breaks.