April 21 Gold Morning Latest Trends and Trading References

From the current market rhythm, the market first sharply declined to around 4737, then experienced a quick rebound reaching as high as 4833, just hitting the target level for the long position given yesterday. This morning's oscillation downward has now returned to around 4820.

This rally is more indicative of an oversold correction and should not be seen as a trend reversal. Overall, it remains in the consolidation correction phase after the previous decline, with resistance levels gradually becoming apparent. In the short term, the 4820 area is close to the previous dense trading zone of the decline, and near the upper Bollinger Band, further upward movement will encounter significant resistance. Without new funds or momentum, there is limited room to rise, and the market is likely to oscillate and repeat at high levels, or even weaken again.

Today's strategy focuses on rebound correction. Pay attention to the resistance around 4840; if the rally weakens, consider shorting at high points. Support levels are seen at the 4780-4800 range, with a rebound and stabilization to be observed before considering short-term opportunities. #GatePreIPOs首发SpaceX #Gate13周年现场直击 #加密市场小幅下跌 #XAU