Hello everyone, let's talk about the recent market movements and gold trends over the past couple of days.

First, a macro update—Federal Reserve Atlanta President Bostic will retire at the end of February, and their board has already initiated the selection process for a new chair. How is this process carried out? According to the Federal Reserve Act, it requires a vote by Class B and Class C directors (those not employed by financial institutions), and ultimately approval from the Washington Federal Reserve Board. The selection committee is chaired by Gregory Haile, Chairman of the Atlanta Fed Board of Directors, who is also CEO of Upwardly Global. Throughout the process, they will solicit public opinions, making it quite transparent.

Moving to technical analysis of gold—yesterday, attempts to rally did not break new highs, and before the US market opened, prices started to come under pressure. By midnight, there was a rapid sell-off. This morning, the bearish trend continues; prices have already fallen below 4300, indicating some short-term weakness. The four-hour candlestick chart shows consecutive downward candles, with the price breaking through the 20-day moving average and still oscillating below it. Based on the chart pattern, continued downward movement is highly likely. The short-term resistance level is around 4300; this afternoon, focus should be on whether this level can be reclaimed.

**Action recommendations**:
- Short gold in the 4290/4300 range
- Set stop-loss at 4310
- If a break below occurs unexpectedly, consider adding to short positions at 4315/4320
- Target at 4270

Reminder: Investing involves risks; proceed with caution. These suggestions are for reference only. Profit and loss depend on individual operations.