#美国非农就业数据未达市场预期 Gold breaks through the new high of $4630, bullish momentum strong!

This recent market movement is indeed quite interesting. With the Federal Reserve tightening and international tensions adding to the uncertainty, plus central banks around the world rushing to buy gold, $XAU has stabilized at a new high of 4630. Looking at the technicals, the bullish alignment is particularly neat, and the willingness of funds to flock together is extremely strong, indicating market confidence.

However, the 4-hour RSI has already surged into overbought territory, so a short-term pullback is inevitable. But in this strong market, the pullback space won't be too large— as long as the 4560 level holds, the bullish trend remains intact. In other words, a pullback is an opportunity to add positions.

**Key levels to watch**

Resistance upward: 4630→4650 USD
Support downward: 4560→4540 USD

**Trading plan for today**

The main idea is to wait at support levels to set up long positions. Enter between 4560-4580 USD, with a stop-loss below 4550, targeting 4600-4630 USD. If the price revisits 4540-4550 and stabilizes, you can add to your position, with the same stop-loss below 4530.

Note that once the price breaks above 4630, follow the trend and chase longs toward 4650; but if it breaks below 4530, be prepared for a reverse move. The key to this market is the support level—holding it means continuing upward, losing it means adjusting your strategy.

$XAG Silver also moves in sync and is worth paying attention to. The central bank gold-buying frenzy continues, and the expectation of gold supply shortages remains strong. In the short term, this upward channel should be maintained. Manage your risk well and follow the trend.