4/15 Midday Thoughts



In the early session, gold edged up slightly, then pulled back. Spot gold opened at $4,836 per ounce, briefly hit $4,870 before coming under pressure and falling back, with a low of $4,803. Currently, it remains around $4,810, trading in a tight range. Support at $4,800 is strong. Overall, the market is still in a consolidation trend led by bulls, and the short-term pullback is a normal correction.

U.S. inflation data came in above expectations, and expectations for a Fed rate cut were pushed back. The U.S. dollar strengthened slightly, putting pressure on gold prices. However, sustained gold purchases by central banks worldwide, along with uncertainty in Middle East geopolitical conditions, still provide solid downside support for gold. The short-term pullback is unlikely to change the bullish trend. Tonight, focus should be on how U.S. economic data may affect the market in the short term.

Trading Suggestions

Build positions based on the key support at $4,800. If it pulls back to $4,805–$4,815, enter in batches. For defense, set it uniformly below $4,790. For targets, first look at $4,850; if it breaks through, you can further target $4,870. Strictly follow the stop-loss and manage trading risk.

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