Closely monitor gold's resistance around $4100

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Closely monitor gold's resistance around $4100XAU/USD Spot - GoldFX:XAUUSDSteven_DikeHello everyone: Today's non-farm payroll data was positive for gold, and prices have rebounded again. Currently, gold has risen to around $4080, with resistance at $4100. If gold fails to break through this resistance level, it will continue to fluctuate between $4000 and $4100. If gold breaks through this range, the price trend will reverse, entering a new round of upward movement. Today's gold market movement was quite clear, and we achieved a double profit on both long and short positions. First, during the European session, we accurately identified the resistance area for gold around $4080-$4090. When gold rebounded to this area, we executed a short position. Gold bottomed out at $4050. During the US session, we noticed gold's resilience and placed a long order again in the $4050-$60 area. Gold has now rebounded to around $4080. From a technical perspective, gold is currently in a corrective phase within a downtrend, and it's premature to conclude that a trend reversal has occurred. It should still be defined as a range-bound market. Therefore, this presents opportunities for both shorting and going long on gold. If you've recently experienced trading difficulties or need guidance, feel free to contact me for further discussion. Going forward, pay close attention to the resistance level around 4100.