Gold performed strongly in the early trading session today. This rally was largely driven by news related to Venezuela. However, frankly speaking, short-term news often fades quickly, and what truly determines the subsequent trend is whether the trend can be sustained.

From a technical perspective, whether gold can hold the 4400 level is crucial. If the Asian and European markets continue to stabilize above 4400, there is a good strategy—using the 4421 adjustment low as support to buy on dips. The logic behind this approach is that as long as the support holds, the upward trend may continue.

How to set targets? Looking at it in phases: first, focus on the 4435-4450 range. After breaking through, continue to watch the two key resistance levels at 4480 and 4520. Of course, the rise and fall of the market itself is not the core issue—whether an effective trend continuation can be formed is the key to making money. Short-term fluctuations without momentum support are essentially 'one-wave' markets, fleeting and transient. Therefore, continuously observing the evolution of geopolitical situations will be very important.