4.29 Morning Market Analysis and Strategy:

News: Recently, market sentiment has slightly adjusted, with the US dollar and US Treasury yields strengthening. Coupled with the previous high-position chips being consolidated, gold prices have experienced a round of decline and correction.

However, the overall support logic remains solid: tensions in the Middle East are still high, providing ongoing safe-haven support; many countries worldwide continue to increase gold reserves, with strong physical demand. Short-term market fluctuations are mainly normal corrections driven by market sentiment and capital flow rhythm, and the overall environment remains stable.

Technical Analysis: After a sharp decline, gold prices are oversold in the short term, and the market has entered a phase of oscillation and consolidation.
Key support is in the $4,550–$4,600 range, which is an important support zone.
Four-hour indicators show a recovery from low levels, with a clear slowdown in short-term downward momentum.
Initially, focus on resistance at $4,650–$4,680. If the price stabilizes and breaks through, the rebound space is expected to further expand.

Trading Suggestions: Short gold at 4,625–4,630 on rebounds, add to short positions at 4,645–4,650 on rebounds, with a stop loss at 4,666, targeting 4,550–4,555. If broken, continue holding. #黄金 #黄金行情分析及操作策略。 #黄金🔥 #XAU