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#Gate13周年现场直击 April 20 Gold Analysis
Today (April 20), gold is experiencing a high-level oscillation with a slight decline. London gold is approximately $4,823.55 per ounce, Shanghai gold main contract is 1059.92 yuan per gram, and retail prices at gold shops are about 1460-1465 yuan per gram.
In the short term, it is suppressed by the rebound of the dollar, delayed expectations of interest rate cuts, and profit-taking; in the long term, it is still supported by continuous central bank gold purchases, geopolitical safe-haven demand, and resilient inflation.
The short-term trend is mainly oscillating and consolidating, with attention to the 1050 yuan per gram support and 4850 USD resistance. It is advisable to adopt a light position, observe carefully, and trade quickly in and out.