Core Viewpoint - The market has entered a new volatility range following a significant drop last Friday, with a wide fluctuation pattern expected to continue until the Federal Reserve's minutes are released [1] Market Analysis - Gold prices fell below 4140, with previous support now acting as resistance, but the daily pivot point at 4030 has not been breached, indicating a potential for a rebound before further adjustments [1] - Key support levels are identified at 4070 for the first support and around 4050 for the second support, which is considered a strong pivot point [1] - Core resistance is noted between 4140 and 4145, indicating a critical area for market movement [1] Trading Strategy - The strategy suggests establishing long positions based on support levels, with a focus on monitoring the breakout of resistance levels [3] - No short positions should be taken unless the market approaches 4140; if a pullback occurs, the emphasis should remain on long positions [3] - For lower retracements, buying is recommended in the range of 4070-4060, with a stop loss of 10 points, targeting 4090-4110; conversely, if the price reaches 4140-4145, a short position is advised with a stop loss of 10 points, targeting 4120-4100 [3]