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April 17, 2026, Spot Gold Evening Analysis
Good evening, everyone!
Spot gold is fluctuating between 4790 and 4800 in the evening, with bulls and bears tugging back and forth. The resistance at the 4806 level is clear, and short-term upward momentum is insufficient, making a breakout difficult.
The Bollinger Bands on the 1-hour and 4-hour charts are both narrowing, indicating that the short-term will continue to consolidate and oscillate at high levels. Support levels below are 4770 and 4750; resistance levels above are 4810 and 4835.
Evening trading suggestions: Rely on the resistance zone of 4810-4835, and after being pressured, gradually establish short positions, targeting around 4770 and 4750.
The above is only personal advice, for reference only, and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific actions!! $XAU #XAU