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1/8 Gold Morning Strategy

The key support zone for gold is currently at 4405–4400, which represents an important short-term defensive line for bulls.
Below that, the levels 4375–4365–4350 have repeatedly been contested and are areas of prior high trading volume. A test of these levels typically triggers strong support. The overall strategy remains to build long positions based on support levels.

On the upside, the first resistance zone is 4475–4480, followed by 4490–4500.
Higher up, 4520–4530 constitutes a strong resistance area, requiring significant momentum to break through.

From yesterday's price action, the decline in gold was not a sign of a sustained weakening trend, but rather a typical case of 'liquidity pressure before data release.' The market proactively pushed prices lower in anticipation of uncertainty surrounding the evening data release. This was driven more by sentiment and a concentration of stop-loss orders. The strategy provided yesterday was successfully fulfilled as expected.

The real turning point came from last night's small non-farm payroll data, which came in below expectations, indicating a cooling in the U.S. labor market. A cooling labor market → reduced expectations for Federal Reserve tightening → downward shift in interest rate expectations. This logical chain provides clear bullish support for gold. The price accordingly rebounded as expected at the key support levels, so the overall strategy continues to favor long positions with short positions only as a secondary option.

Currently, 4425–4430 represents the emotional low point after yesterday's panic-driven sell-off. As long as the price does not break below this zone and remain below it, it indicates that bearish momentum has significantly weakened.

In terms of trading approach, wait for a rebound and stabilization between 4430–4445, then consider entering light long positions, aiming first for 4465, and further targets at 4485–4500.
Avoid chasing highs; prefer buying on pullbacks.

Conversely, if the price unexpectedly breaks below 4420 and continues to weaken, it suggests the market is delaying the digestion of positive news. In this case, the long-term strategy for the day should be paused, and new structural signals should be awaited before repositioning.#MSCI暂不排除数字资产财库公司

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