Stay above the support level. Go long at key price levels.

Gold prices have exhibited a consolidation pattern of dipping and rebounding before surging and then falling back. Currently, gold prices are trading above the 5-day moving average, which is also the low point of the US session's pullback, making it the primary short-term dividing line between bullish and bearish sentiment. If the price stabilizes at this level, the market is likely to maintain a sideways-to-slightly-bullish trend; conversely, a decisive break below this level could trigger a downward correction.

Short-term resistance is observed in the 4370-4375 area. Gold prices briefly broke through this level on Thursday but failed to hold, subsequently falling back, indicating that the resistance in this area remains effective. The market's reaction to this level will be crucial today: if the price remains under pressure, the range-bound trading will continue; a decisive breakout and sustained trading above this level would shift the short-term structure to bullish, potentially continuing the upward trend after the consolidation. Whether the upside potential can be unlocked will depend on the actual breakthrough of the resistance at this point.

Downward support should first be watched in the 4310-4300 area, which combines Thursday's low and short-term trendline support. If the market weakens and breaks below this level, the next key support is in the 4260-4255 area, formed by previous resistance-turned-support, offering stronger support. Quaid suggests prioritizing entry points at key resistance and support levels, seizing opportunities to buy low and sell high within the range, and paying attention to the direction following a breakout.

Strategy: Buy at 4300-4310, stop loss at 4290, profit target at 4355.I will update more trading information in the channel.