April 15 Evening Gold Analysis



Core: Rebound from high levels faces pressure, long positions at 4800

Market Brief

Gold surged today then pulled back, profit-taking from previous gains, Middle East risk aversion cooling down, combined with the Fed's hawkish stance supporting the dollar, causing short-term pressure on gold prices.
The long-term central bank gold-buying logic remains unchanged; this is only a technical correction, not a trend reversal.

Technical Highlights

1-hour chart surged to 4871 then pulled back, current price 4799, broke below the middle Bollinger Band, bearish dominance, limited rebound strength.
Support: 4793, 4780-4770
Resistance: 4820-4830
4800 is the key dividing line tonight; holding above suggests a bullish bias, breaking below indicates continued correction.

Trading Strategies

• Short at 4820-4830, target 4800-4780

• Wait for stabilization at 4780-4790 to go long, target 4820-4840

• Break below 4780, rebound at 4790 to short, target 4750-4730

• Break through 4840, retest 4830 to go long, target 4870-4900#黄金
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ahadMehmood
· 1h ago
hiii
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