Today’s gold main trading idea is still to focus on pullback trades. If you already have short positions, keep them. You may continue to emphasize taking short positions on rebounds at higher levels. As long as price has not yet reached the 10-day moving average, for the moment avoid trying any short-term long setups.

Overnight, if you have shorts around 4400, and if you still have any leftover shorts from higher levels, you can continue to hold them with a break-even stop-loss protected. On a further pullback into the 4300–4280 area, reduce positions. You can also keep part of the position to see whether price can retrace further into the 4250–4230 area, and then make the final position reduction at a short-term level.

The current downside move has already been released—do not blindly chase shorts. If during the day price is inclined to short again, you can look to participate around the rebound area of 4340–4345, with a stop-loss above 4350.

If price keeps rebounding, you may also attempt another short around 4360–4365, with a stop-loss above 4370. The targets are unified: look to reduce positions near 4320 and move the stop-loss to break-even; the remaining holdings can be reduced around 4300 and 4280.

When, during the day, the first pullback reaches the 10-day line near 4280 and shows a supporting rebound, aggressive traders can try a light short-term long position once. If price directly breaks through this level, give up this setup. The specific strategy should be adjusted in real time based on live market conditions.#黄金