Gold is currently maintaining a major range oscillation pattern, with the upper pressure at 4350 still effective, lacking sufficient momentum for a breakout. Tonight's CPI data release may become the key to breaking the deadlock, potentially driving gold to start a new round of market activity.

From the 1-hour chart, gold prices remain in a high-level oscillation. If operating long positions, one should wait for a pullback opportunity, with a focus on the support area around 4280 below. After stabilizing, one can consider entering on dips. If a breakthrough above 4350 cannot be effectively achieved, gold prices may continue to experience pressure and decline. Currently, gold prices have attempted to break through 4350 three times but have not succeeded. Before effectively stabilizing at this position, the market will continue to maintain range oscillation. If gold prices strongly break through and stabilize above 4350, it is expected to open up new upward space, allowing for a follow-up.

Morning operation strategy:

· Short gold at 4342, stop loss at 4355, target 4290-4280