4.16 Mu Yun Gold Morning Review | Volatile but Slightly Strong, Pullback for Low Buying


Gold price surged to 4870 yesterday, but met resistance and fell back. In the morning, it pulled back to 4818, then stabilized and traded in a range. The bullish trend remains unchanged.
With PPI data approaching tonight, market sentiment is cautious. Don’t chase highs in the short term; pullback buying is the main focus.
Technical analysis: The hourly chart holds above the middle band. The Bollinger Bands are tightening, awaiting direction. Moving averages are aligned bullish.
Resistance: 4850-4870
Support: 4800-4815
Trading plan:
If 4810-4825 holds, go long, target 4850-4865. If it breaks down, look to 4880;
If 4870-4880 meets pressure, take a light short position, with a strict stop-loss. #黄金
PAXG0.01%
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