4.21 Gold range-bound fluctuation—both bulls and bears are dealt with in a double strike; trade with a bearish bias

Daily level: The gold price maintains a high-level consolidation and oscillation pattern. The candlestick action keeps tugging above $4,800, with frequent long upper wicks, indicating a clear sell pressure in the 4830-4840 area, and the momentum for the bulls’ phased push upward has started to weaken. The moving average system stays in a bullish alignment, but the 5-day and 10-day moving averages are converging, further slowing short-term upward strength.

4-hour level: The gold price is in a consolidation phase with a bias to strength. The MACD momentum histogram bars gradually converge, with no obvious signal of bulls or bears increasing their volume. RSI has fallen from the overbought zone back to neutral levels, lacking sustained upside momentum; the moving average system is flattening, trend characteristics are weakening, and the short term is mainly about range-bound correction and repair.

1-hour level: Random indicators form a death cross downward. The MACD stays close to the zero line, and the short-term shows a tendency of oscillating and pulling back. Key support is mainly concentrated at $4,800 and $4770. The market is currently in a range-bound structure, and the direction awaits news.

Gold trading strategy:

1. Short on a rebound into the 4825-4830 zone; stop loss 4845; target 4800-4790

2. Short on a pullback into the 4780-4775 zone; stop loss 4760; target 4810

Disclaimer: The above is only for personal thoughts and viewpoints sharing and does not constitute trading advice.