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Afternoon view on gold on April 15: geopolitical risk aversion sentiment has clearly eased, and gold prices are under pressure and weakening.
Gold surged to 4873 in the early session and then pulled back, currently fluctuating around 4810, with moving averages converging. The bulls and bears are fiercely contesting, and it is highly likely to maintain a range-bound consolidation in the short term.
Resistance above is at 4850, support below is at 4780.
Short positions can be considered around 4835-4855, with targets at 4815-4780#WCTC交易赛瓜分800万USDT