4.16 Gold Morning Market Outlook and Analysis

Yesterday, gold prices surged to 4871 and then, as expected, faced resistance and pulled back, touching a low of 4786, with a daily correction of nearly $80. In the late trading session, prices oscillated around the 4800 level, with the key support level at 4750 remaining unbroken.

From the 4-hour chart, the current technical indicators still show a weak trend, and market short-term sentiment is cautious. However, the downward momentum has clearly slowed, and further decline space is limited, making it unlikely to effectively break below the 4750 support zone.

Trading Strategy: Avoid blindly shorting. It is recommended to gradually build long positions at lower levels, while using short positions as a supplement at higher levels. Strictly control position sizes and implement risk management.

Reference Strategy:

On dips around 4790-4800, consider entering long positions in batches. First target 4830; after breaking through, look further upward to the 4850-4880 range.

Note: The above suggestions are for reference only and do not constitute investment advice. Investing involves risks; please trade cautiously!