Market Review:

Gold opened yesterday at around $5,021.3, with the Asia-Europe session maintaining overall volatile trading, fluctuating repeatedly between $5,038 and $4,967. During the session, gold prices found support and rebounded multiple times above $4,967. After surging to around $5,038 during the US session, prices fluctuated lower, finally closing at $5,006.4.

On the daily chart, gold's stochastic indicator continues to show a death cross pointing downward, which is a clear bearish signal. The trend still requires further downside movement, volatile decline, and support-seeking. On the 4-hour chart, the stochastic indicator is currently showing a golden cross, but the rebound strength is weak with poor continuity, representing a weak recovery through time consolidation. A golden cross on the indicator does not mean we can directly go long. The pattern remains under pressure, and after the recovery completes, it will continue to decline with volatility. The gold market is showing characteristics of "narrow-range consolidation with insufficient momentum." Key support below: $4,950-$4,980; Resistance above: $5,050-$5,080. Today's strategy prioritizes shorting from above.

Gold Trading Strategy: Short the $5,030-$5,035 area, stop loss at $5,045, target $5,000

Disclaimer: The above content is merely personal thoughts and viewpoints sharing, and does not constitute trading advice.