How should we trade gold after it falsely broke through 4400?GOLD (US$/OZ)TVC:GOLDSmith_LienToday's gold market was very typical, a classic example of a false breakout followed by a rebound. During the Asian session, gold prices rose to around 4472 before encountering resistance and falling back, quickly dipping to a low of 4396. It then stabilized and rebounded strongly, rising over $50 in a short period. This deep dip and subsequent recovery sent a very clear signal: gold has solid support below, and the sell-off was merely a false breakout to shake out weak hands, not a genuine trend weakening. A rapid false breakout of a psychological level is often a common tactic used by major players to shake out panic selling from retail investors. The lack of continuation after the breakout and the quick recovery are the most direct confirmation of a strong bullish structure. Based on the current market structure, it's almost certain that new lows won't be reached today. The overall trading strategy should be to buy on dips. However, with the price approaching its intraday high, the short-term upward momentum has slowed, and the probability of repeated fluctuations is extremely high. Avoid chasing the price higher in gold, as chasing orders at the end of a volatile market is extremely risky and can easily lead to being stopped out repeatedly. In summary, today's key support level to watch is the 4410-20 area, while the key resistance level is the 4475-85 area. I believe these two areas represent our trading opportunities today.