Gold Market Trend Analysis:

On September 8th, gold experienced a strong rally after nearly four months of consolidation, consecutively hitting new historical highs. Bolstered by Friday's non-farm payroll data, gold briefly challenged the $3,600 level, closing the week with a massive bullish candle and gaining $140 for the week. This bullish surge, calculated from the low of $3,311, has generated a maximum gain of nearly $300. Year-to-date, spot gold has accumulated gains of $976, representing a 37% increase and marking the largest annual gain in gold's history.

Gold opened normally on Monday. Following Friday's positive stimulus from U.S. non-farm employment data, gold prices continued to set new historical highs at $3,600, with the bullish pattern remaining undeniably strong. From an intraday perspective, gold encountered temporary resistance after challenging $3,600, with short-term movement likely focusing on adjustment followed by further upward movement. Key attention should be paid to support stabilization at different levels:

First Support (Intraday Strength/Weakness Dividing Line): The $3,573-$3,575 area serves as the critical dividing line between "continued strength" or "entering consolidation" for short-term movement. Holding this level indicates the bullish structure remains intact.

Core Support: Friday's bullish breakout point around $3,560, and the non-farm rally starting point at $3,545-$3,550. As long as gold trades above $3,560 and the $3,545-$3,550 range, bullish momentum should dominate. An unexpected break below these levels could trigger short-term bearish sentiment, requiring further attention to Thursday's low at $3,511 and the daily-level top-to-bottom conversion point at $3,500 (key support after adjustment from the original $3,580 area).

Regarding upside resistance, $3,600 represents only temporary suppression, with an eventual breakout essentially predetermined. Following a breakthrough, the first target points to the $3,610 area, further extending toward $3,620-$3,625 resistance, ultimately focusing on the repeatedly emphasized core bullish target of $3,650.

For trading strategy, maintain a "buy on dips" approach, utilizing the $3,573-$3,575 strength/weakness dividing line, $3,560 breakout point, and $3,545-$3,550 rally starting point to establish long positions in batches. Short positions require caution: before new highs emerge, light short positions can be taken at the $3,600 resistance level; if $3,600 breaks, wait for pressure signals at $3,610 or $3,620-$3,625 resistance levels before attempting light short positions. Short positions should always focus on short-term trading and must not contradict the medium-term bullish trend.