Tonight the easiest mistake to make is not that the market hasn't given opportunities, but that when there are many hotspots, you think the direction will be clearer.

$XAG $XAU $XAUT

XAUT just came up,

the heat of the precious metals line has indeed picked up.

But just because the heat has picked up,

it doesn't mean the structure has been fixed.

Right now, what is really pushing the market is still those few hard lines:

The situation in the Middle East hasn't completely settled,

the oil price hasn't lightened;

the yield hasn't loosened,

the dollar hasn't softened;

so for gold tonight, this pullback,

I'm not in a hurry to write it off as the beginning of a new major rise.

What's more critical is the correlation:

Gold is now back around 4390,

silver is also back at the 68 line.

But gold has been lifted first,

silver is just following,

it's not leading yet.

This indicates one thing:

The market now looks more like

after a crash, taking a breather with hotspots and technical levels,

it's not that the pressure has completely retreated.

I'm focusing on these levels:

XAUUSDT

First looking at 4395—4410

If it stabilizes, then look at 4425—4440

First looking at 4380—4368 below

Then look at 4350—4335

XAGUSDT

First looking at 68.10—68.30 above

If it stabilizes, then look at 68.70—69.00

First looking at 67.80—67.50 below

Then look at 67.10—66.80

What's really valuable tonight is not who tells the bullish story more elaborately,

it's whether gold can eat back the first layer of resistance,

and whether silver can avoid continuing to lag behind.

If gold can stand, silver can follow,

then this line has the qualification to think about recovering.

If gold rises first, and silver is still weak,

then it should just be viewed as a repair within the repair,

don't rush to give yourself away.

Keep the trading page open,

first watch how the structure plays out,

then decide how to follow.