On September 2, spot gold continued its upward momentum from the previous day, with prices reaching as high as $3,489, marking the highest level since April 22 and approaching the critical $3,500 historical resistance zone. Due to the U.S. Labor Day holiday impact, markets closed early, leading to narrower evening volatility as prices maintained consolidation within the $3,470-$3,480 range. During the current morning session, bulls remain strong, with current quotes near $3,480.

For future operations, focus should be placed on long positioning at lower levels, with particular attention to the key support zone of $3,467-$3,465. It is recommended to establish light long positions based on this support level, with a strict defensive stop-loss set at $3,458. The target looks toward the short-term resistance at $3,486. If this resistance level is effectively broken, prices may further challenge the strong resistance zone of $3,500-$3,505.

Special circumstance strategy: If the expected pullback opportunity does not materialize during the session, consider waiting for a breakout and stabilization above $3,486, then look for a confirmation pullback of approximately 8 points (around $3,478) to capture a second entry opportunity for long positions.

Trading Recommendation: Gold long positions suggested in the $3,467-$3,465 area, with stop-loss at $3,458 and target at $3,486. Continue holding if the level breaks higher.