Friday: Gold 4730 precisely hit, reverse short position perfectly connected

Yesterday's afternoon trend perfectly matched the forecast, here's a simple review.

During the Asia-Europe session, gold prices showed obvious rebound momentum after oscillating at low levels. Combined with the hourly chart structure, it was judged that the support below was effective and there was still upside space in the short term, therefore chasing shorts was not recommended. Instead, a perspective of looking upward to 4700-4730 was provided.

Subsequently, the market oscillated higher and smoothly reached the 4730 target level. After touching this position, the strategy was adjusted in time according to market performance — reverse short at 4730, capturing the pullback space after the surge higher.

From the subsequent trend, gold prices encountered resistance near 4735.80, with the high point area basically consistent with expectations, and the reverse short position successfully took over this wave of pullback.

Overall, the rhythm of "first watch the rebound then wait for high shorts" was relatively smooth. Whether following long positions to reach targets or turning short at high levels, there was good operating space.

Trading emphasizes rhythm; at key levels, don't chase, don't be greedy, just execute once at the right position. More opportunities to follow in subsequent moves, welcome to keep paying attention.