On September 28, ahead of the Mid-Autumn Festival, the US dollar sustained its upward momentum, continuously hitting new highs and exerting strong pressure on gold, which drove gold prices to keep falling. Combined with severely insufficient bullish buying before the holiday, long positions were closed for profit-taking. Even when the dollar briefly weakened, gold's bullish rally showed no continuity at all.

This week marks a super week, with key focus on ADP, PCE, and non-farm payroll data, as well as密集 speeches from Federal Reserve officials. Do not focus solely on technical analysis; also ensure proper risk control, pay attention to various major data releases, and be prepared for sudden reversals and unexpected volatility in the market.

In today's early trading session, gold prices dropped rapidly, directly breaking through last week's low around 4244 and continuing to decline. After the key low was breached, bearish momentum surged with heavy volume, and rebound momentum was weak. Bears currently hold the dominant position in the market. Intraday strategy focuses on selling on rebounds, with key resistance at the top-bottom conversion level around 4244. As long as the rebound does not break above this level, the bias remains bearish. For trading, sell on rallies around 4244, and exit positions once price breaks above 4244.

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