Zong Xiaoli: Gold prices have risen for two consecutive days. Can they continue today?

2026-04-01 19:22:03

Abstract generation in progress

As you can see, gold has been churning and pushing higher for two straight days—this morning it even surged directly, with the high briefly touching around $4,620. However, it then pulled back, carving out a classic range-trading move…

From this trend, it’s clear that gold is indeed in a consolidation pattern, and it’s currently moving in a rising phase that’s resonating with the U.S. dollar. In reality, this is being driven jointly by retail traders and small institutions. Because the situation in the Middle East has begun to change, the pressure on gold has eased significantly. As a result, retail traders can be happy to push up the price of gold, producing a pattern of consolidation with upward movement.

Entering today, will gold continue to consolidate and rise? The answer is that there’s a possibility. Because gold still has a need to move higher further. As long as the market doesn’t suddenly unleash more energy to suppress the gold price, then gold continuing to trend upward within its consolidation range is not a problem. The only question is: just how much can gold rise today?

Based on this situation, Jianli recommends continuing to look for long positions in gold today; only consider going long on dips when the timing is right. You can watch the 4,535 and 4,510 zones. If a suitable opportunity presents itself, you can consider entering a long position for reference~

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