4/15 Gold Midday Outlook



Gold struggles around the 4800 level, with an early rally to 4871 followed by a pullback, dropping to a low of 4817, currently at 4825 with sideways movement.

Bollinger Bands are contracting; from a technical perspective, 4831 is resistance, 4824 is the dividing line, and 4818 is support, indicating a consolidation, waiting for a direction to be chosen;

The divergence between Middle Eastern safe-haven demand and Federal Reserve rate cuts causes tug-of-war, with no single-sided drive.

Suggestion: If it retraces to around 4810-4790, consider buying on dips; if it drops sharply, add longs around 4780-4760; if it rises directly to 4820, go long, targeting around 4850 and 4880 for further upside. $BTC $GT $ETH
BTC-0.26%
GT1.61%
ETH-1.68%
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