4.17 Lao Si Midday Gold Trading Ideas Sharing

During the midday session, the gold price holds steady at the 4790 level and continues to trade in a range. After a pullback to support at 4775-4780 earlier in the day, it rebounded. Long positions opened at lower levels have already been closed successfully with profits. At present, bulls and bears are in a stalemate; the price keeps tugging back and forth around 4790, and there is no clear directional move in the short term.

On the news front, U.S. stocks and U.S. Treasury yields have fallen slightly, which supports gold prices. However, expectations for rate cuts have been pushed back, real interest rates remain relatively high. Combined with a easing of geopolitical developments and the outflow of safe-haven funds, further upside for gold is still limited.

Technically, the daily chart maintains consolidation in a high range, and the upward channel remains intact. On the four-hour chart, a pullback to the lower Bollinger Band has stabilized; the price is currently trading around the middle band. The Bollinger Bands are contracting, locking the short-term range between 4770-4830.
Support to watch is 4775-4780 below; resistance to watch is 4800-4830 above.

Trading suggestion: Buy in batches within the 4765-4780 range, with the first target at 4790, and looking up toward around 4850. #现货黄金