Gold Price Analysis 2026.04.07

Since I was able to predict the subsequent trend of gold on March 1st and it was validated by the end of March, I believe the trend forecast I provided in Chart 3 today will also come true.

Last night, I took a short position because the price was facing resistance during the rally and the risk-reward ratio was favorable, so I also notified 🐰 friends to join the trade. If the price drops below 4600 in the next two days, it will increase the probability of following the blue route in Chart 3; a break below 4553 would confirm it completely.

If the price breaks above 4800 again this week, it is likely to follow the red route, but essentially it just adds one more high point. The first wave of rally starting from 4100 has already reached its end, and a correction is inevitable. Since the possibility of the red line cannot be ruled out, I took partial profits on my short positions today and protected the remaining positions’ cost.

The structure division is very simple: if following the blue line, the first wave of rally is from 4100 to 4800; the move from 4800 is a correction targeting the first wave, and after the correction ends, there will be another wave of similar magnitude. If following the red route, it simply means an additional high point above 4800, and the subsequent trend will not change.

In April and May, we hope to see gold prices starting with 5 (based on a stage bottom at 4100). #XAU $XAUT