Combined with the daily and hourly chart conditions, gold is expected to continue consolidating during today's daytime session. On the day, the upper side can continue to focus on the 4400 psychological level, while the main resistance remains the 4430-35 area near yesterday's high. On the lower side, attention should be paid to the low around 4360 from overnight trading. Although it finally closed above 4360 yesterday, this also brings greater uncertainty to today's price movements. The lower side should still first focus on the 4360 battle, but on the daily timeframe, the key focus is on testing and contesting the 5-day moving average near 4350.

In terms of trading, before tonight's US CPI data, short-term market sentiment may continue to be unstable. Watch for consolidation within the small range of 4430-4400-4350. As for whether the final market will break above 4430 or break below 4350, it may depend on tonight's US CPI data. My subjective view is that the downside probability is relatively higher, which also fits technical needs better. Therefore, if tonight's CPI data is bearish for gold, it can be traded; if it is bullish, it is still advisable to watch more and act less.#黄金