Today gold overall fluctuated back and forth at high levels, with the main trend leaning stronger, and there is a chance to see 4700 later. In the short term, the recent attempts to break through have failed, and the momentum is weakening, with indicators showing signs of being "overheated." It is highly likely to pull back next, so chasing highs now is not advisable.

This morning, the market started to decline from around 4639. Currently, focus on several key levels: the support level that won't break is around 4596, and further down is the 4570-4580 range, which is a critical defensive line for the bulls; the resistance level that can't be broken is in the 4630-4640 range, and above that are the 4650-4660 ranges. Only a breakout here could lead to higher gains.

In terms of trading, follow the main trend, avoid chasing highs, and wait for a pullback to stabilize before considering low buying. The sell signals have not yet appeared; we need to wait for both the hourly and 4-hour charts to weaken together for confirmation. For now, mainly observe. The reference strategy is to buy low after a rebound and stabilization around 4575-4585, with a target near 4660. $BTC $GT $ETH