Gold on April 6

Last week, non-farm payroll data exceeded expectations by several times, and the Federal Reserve's rate cut was delayed! The market opened with a sharp drop on Monday, testing the strong support at 4600! Subsequent rebound and correction, fluctuating within the 4620-4680 range!

In the afternoon, the big yellow fish recovered and moved up to around 4680, but did not break through the strong resistance at 4700. The momentum of the dip is clearly weak! In the afternoon, influenced by non-farm data, the Fed's rate cut delay, and geopolitical factors, the trend is expected to continue downward!

Operational suggestions: Short at 4670-4690, first watch 4600, if broken, then look at 4580-4550. Resistance above at 4700.