February 3rd Gold Evening Market Analysis and Trading Strategy

On the eve of a super non-farm payroll week, gold rebounded due to safe-haven sentiment oversold, but gains were limited by a strengthening dollar and cooling expectations of Federal Reserve rate cuts, resulting in a tug-of-war between bulls and bears. The short-term trend remains in a oscillating recovery pattern.

Daily Chart: Steady above the 50-day moving average (4497), RSI rising to accumulate bullish momentum, MACD still below the zero line, indicating a choppy rebound pace;
4-Hour Chart: V-shaped reversal stabilized, moving averages turned upward to form short-term support, minor short-term adjustments do not change the rebound trend.

Key Levels: Support at 4780-4830; Resistance at 4950-5000

Evening Trading Strategy

Follow the support levels to go long on dips, place buy orders around 4820, with a stop loss at 4800. The first target is 4950. If a strong breakout occurs, hold the position to aim for the 5000 round number.

Disclaimer: Investment involves risks; please trade cautiously. The above analysis is based on technical and fundamental assessments and does not constitute actual investment advice. Investors should operate rationally according to their own risk tolerance.