Last night, the non-farm payroll data was released, with the actual figure at 50,000 compared to the expected 60,000. The lower-than-expected result instead became a catalyst for gold bulls. The current bullish gold positions surged directly to 4515 after the data release, successfully reaching the target level for profit-taking.

From a technical perspective, there are no signs of any weakening in the upward trend of gold. The large bullish candlestick at the bottom of the hourly chart provides solid support, even if the price retraces below 4480, the rebound momentum remains sufficient. The next target is the historical high of 4550, with potential to break higher.

This week's trading operations completed a full switch between long and short positions. Initially, a bearish setup was made around 4407, then quickly shifted to bullish, entering long positions near 4517. Currently, 4478 has become the dividing line between bulls and bears—standing firm above this level targets 4528, 4550, and even 4600. If broken below, attention shifts to support zones at 4464 and 4445.

Looking ahead to next week, as long as the weekly close remains above 4500, the bullish trend still has room to extend. Retracing to the 4470-4475 range can be considered for long positions, and further pullbacks to 4445-4453 are good opportunities for adding positions. The recent operational strategy is to target retracements to 4490-4505, with a breakout above aiming for 4515-4520.