Friday: Gold 4730 Precise Hit, Reversal Short Position Seamlessly Connected

Yesterday afternoon's movement perfectly matched the prediction. Here's a brief review.

During the Asia-Europe session, after low-level consolidation, gold prices showed obvious rebound momentum. Combined with the hourly chart structure, the judgment at that time was that the support below was effective and there was still upside room in the short term. Therefore, chasing shorts was not recommended. Instead, an upside target of 4700-4730 was provided.

Subsequently, the market rallied and successfully reached the 4730 target level. After touching that position, the strategy was adjusted in time based on market performance—reverse short at 4730 to capture the pullback space after the spike higher.

From the subsequent movement, gold encountered resistance near 4735.80. The high-point area basically matched the prediction, and the reversal short position successfully connected with this wave of pullback.

Overall, the rhythm of "first watching the rebound then waiting for the high short" in this wave was relatively smooth. Whether it was following long positions to reach targets or turning short at highs, there were decent trading opportunities.

Trading is about rhythm. At key levels, don't chase, don't be greedy—just execute when levels are reached. For subsequent market opportunities, stay tuned and continue following along.