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Gold still maintains the previous view that the precious metals market will not see a significant rally in the first half of this year.
Currently, gold is experiencing a consolidation phase. In the short term, within 1-2 weeks, it is expected to rebound to around $4,900, which is the Fibonacci 0.618 level of the daily downtrend.
However, this rebound is a short-term profit-taking opportunity; do not chase the high. It is highly likely that the price will retest around $4,200 later.
In the later stage, pay attention to whether the 4000 level can hold, and consider bottom-fishing at that time.