April 17 Bole Gold Evening Review:


Rising to encounter resistance at 4811, short-term awaits a direction decision

Intra-day gold tested the bottom and rebounded, then faced resistance and fell back; early session touched a low of 4767 and rebounded, midday surged to 4806 but was resisted and pulled back, maintaining narrow fluctuations.

News outlook: The Federal Reserve's rate cut expectations fluctuate, and the US dollar index's volatility dominates short-term market trends; geopolitical safe-haven sentiment cools down, funds are cautious, and bullish and bearish opinions are increasingly divided, with no clear directional driver.

Technical view: 15-minute cycle, gold prices surged and then fell back; short-term moving averages are flat, consolidating around the middle of the range; 4806 is a strong short-term resistance, 4767 is a core support; momentum indicators weaken, and bulls and bears are temporarily balanced.

Trading reference: Buy on dips around 4780-4790 in batches, targeting 4800, 4820, 4850.
Since the range is quite broad, it is recommended to oscillate between 4780-4800. #黄金 #现货黄金 #黄金下跌
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Lions_Lionish
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