Good morning, everyone! It's Wednesday—stay sharp! The gold market continues to fluctuate in a consolidation rhythm. When will a directional breakout arrive?



Looking back at yesterday, gold prices oscillated repeatedly within the 4170-4220 range. We traded the range by selling high and buying low, and the timing was quite accurate.

This morning, the market opened lower but quickly rebounded from around 4207, now quoting at 4213, once again testing the key resistance at 4220. This level has acted as resistance multiple times this week, and a direct breakout will require a catalyst from news, but the possibility of a range breakout is gradually increasing.

Today's core strategy: Focus on the performance at the 4220 resistance level.

If 4220 cannot be effectively broken, consider light short positions near this resistance, targeting the 4200-4190 area.

If there is a strong breakout and price holds above 4220, consider following the momentum with long positions, targeting the 4235-4250 area above.
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