Gold performed strongly today, soaring directly to 4766 in the early trading session, with an intraday increase of nearly 2%. Several factors are contributing to this rally: the US dollar has been somewhat weak over the past two days, coupled with rising market expectations of a potential rate cut by the Federal Reserve in March, which has also activated risk aversion sentiment. Additionally, US initial jobless claims data exceeded expectations, and the US stock market fell more than 1.7%, all driving funds into gold.

From a technical perspective, the 1-hour bullish trend is quite clear, and there are sufficient signals of capital inflow. For intraday trading, you can consider going long with a small position when the price stabilizes around 4750-4755, with a stop-loss below 4740. On the upside, targets can be set at 4780. However, avoid chasing the high; the current gains are already significant, so be cautious of a potential pullback from overbought conditions.

The key next step is to closely monitor the US dollar rebound and pay attention to tonight’s macroeconomic speeches, as these could cause fluctuations in gold prices. While the bullish trend is clear, the short-term gains have been quite rapid. Taking profits when the situation looks good is the most prudent strategy—don’t be greedy. If the price breaks below 4730, it’s best to exit decisively and wait for clearer opportunities.