Gold gapped up at the openIs this a trend reversal or a bulltrapGoldOANDA:XAUUSDPrecision_Strategic_TraderFollowing Trump's announcement over the weekend to suspend airstrikes against Iran, market risk aversion cooled somewhat, and gold opened higher on Monday, starting at around 4091 and briefly rising to around 4116. However, the news-driven stimulus primarily altered short-term sentiment rather than the overall trend. Therefore, it is not advisable to blindly chase the rally at these high levels, and current trading should remain rational. From a daily chart perspective, after retreating from its high of 4165, gold tested the 4000 level last week before stabilizing and rebounding. It has now climbed back above 4100, but remains within a medium-term downtrend channel, still facing resistance from multiple moving averages. The fundamental direction has not changed, and until key resistance levels are effectively broken, the overall trading strategy remains to sell on rallies. From a 4-hour chart perspective, gold broke through the 4100 level again due to news, but only reached a high of around 4116 before encountering significant selling pressure and quickly falling back, forming a typical pattern of a surge followed by a pullback. This indicates that selling pressure remains heavy, and the bulls lack the funds and momentum to sustain the upward movement. The bulls and bears have entered a tug-of-war phase, making a one-sided upward trend unlikely in the short term. Technically, this surge left a long upper shadow, indicating that the short-term upward momentum has been significantly suppressed. This gap up was more driven by news than by a sustained inflow of new funds. Meanwhile, a large number of trapped and profit-taking positions are concentrated around the 4100 level, making a significant breakout and hold above it in the short term difficult. The market is expected to continue its range-bound correction. In terms of trading strategy, pay close attention to the resistance zone of 4120-4140, which remains a key area for short-term short positions. Only if the price effectively stabilizes above 4160 can the bulls regain control. The key support level to watch is the 4040-4020 area, which is also a significant area of recent trading volume. If the price breaks below this level, the downside potential will open up further, and the bears may regain control of the market.