4.20 Bole Evening Sharing

Today, spot gold overall is showing a bottoming-then-rebound pattern. In the early session, it briefly dipped to around 4744, where it received support; afterward, the bulls gradually gained strength and rebounded. Ahead of the U.S. evening session, it consolidated in the area around 4790. Currently, the market is influenced by profit-taking at high levels and the tug-of-war between rate-cut expectations, so divergence between bulls and bears remains relatively large, and the short term has not yet developed a clear one-way trend.
From a technical perspective, gold prices have formed strong support in the 4750-4770 area, and a breakdown in the short term is difficult; above that, 4810-4830 is the key resistance range. If it can effectively hold above 4810, it may further test above 4830.
The evening trading approach is mainly range-bound oscillation. On pullbacks near the 4770-4780 support zone, you may selectively consider going long at low prices; on rebounds to the 4810-4820 area where it faces resistance, you may participate in short-selling. Use strict stop-losses, keep positions light, and enter and exit quickly. Focus on how U.S. evening data may drive the U.S. dollar and gold prices.