4.10 Gold Morning Analysis



Gold prices have pulled back after facing resistance at the 4799 high. The 1-hour Bollinger Bands continue to contract, with the price testing the middle band at around 4753. The RSI indicator is weakening simultaneously, and short-term upward momentum has significantly diminished, indicating the market has officially entered a high-level consolidation and oscillation zone.

The medium- to long-term bullish trend has not been completely broken, but the pressure to realize short-term profits continues to increase. It is recommended to mainly buy low and sell high within the range, strictly set stop-losses, and be cautious of extreme volatility that may be triggered after data releases.

Key Levels

Strong Resistance Above: 4800-4805
Strong Support Below: 4700-4699

Trading Suggestions
Focus on buying low and selling high within this range during the day, and follow the trend after a breakout.
It is advised to build positions in batches around the 4705-4725 retracement zone, with a stop-loss set below 4700; the first target is to look at 4780-4800, and the second target at 4820-4850.
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