April 12, 2029, Spot Gold Analysis and Outlook for Next Monday

Last week, spot gold surged at the beginning of the week, then fluctuated; midweek, it pulled back but the bullish structure remained intact. Toward the end of the week, it slightly rebounded, but profit-taking pressure at the close caused it to end the session under resistance at 4800. The current Middle East situation still carries uncertainties; comments related to Trump may boost oil prices and inflation expectations, thereby suppressing gold's trend.

From a technical perspective, short-term support is at 4730, strong support at 4700; resistance above is at 4780, with strong resistance at 4800. The MACD shows a death cross at high levels, with decreasing red bars; RSI has fallen from overbought levels, indicating a clear short-term bearish sentiment.

Over the weekend, influenced by Trump's comments, the overall sentiment was bearish for gold. The technical impact weakened, and on Monday, a gap-down opening is highly likely, with 4730 forming a top-to-bottom reversal. Trading strategy could involve short positions in batches between 4730 and 4760, targeting 4700, 4660, and 4600.

The above is only personal advice for reference and does not constitute investment guidance. Please follow the specific layout of Cheng Jingsheng Shipian! $XAU ‌#XAU