Key resistance remains focused on the 4350-4355 zone. If a strong bullish candle fails to effectively break through this range, then it is highly likely to continue consolidating and oscillating between 4270 and 4355, echoing the pre-FOMC meeting trading rhythm, forming a typical accumulation structure.
If the oscillation pattern continues, be alert to the possibility of a downward test after the consolidation. Pay close attention to the support around 4290, which is also the low point that triggered yesterday's non-farm payroll movement.
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Gold Midnight Brief
Key resistance remains focused on the 4350-4355 zone. If a strong bullish candle fails to effectively break through this range, then it is highly likely to continue consolidating and oscillating between 4270 and 4355, echoing the pre-FOMC meeting trading rhythm, forming a typical accumulation structure.
If the oscillation pattern continues, be alert to the possibility of a downward test after the consolidation. Pay close attention to the support around 4290, which is also the low point that triggered yesterday's non-farm payroll movement.