April 21, 2026 Spot Gold Midday Analysis

Yesterday, gold prices gapped lower at the open, with a low of 4737, before carving out a strong V-shaped reversal, regaining and holding above the 4800 level.

Today, in the Asian session, it opened at 4821, rose slightly to 4830, then met resistance and pulled back; it is currently consolidating in the 4800-4820 range.

The short-term bullish setup has not been broken; it’s just that the upside momentum has slowed down, and the overall focus remains on range-bound repair.

Watch support at the short-term stabilization zone of 4790-4800; strong support lies at 4780, with the phase bottom at 4737. For resistance, look at the intraday pressure of 4830-4834, while 4850 is the key line separating bulls and bears.

For the midday outlook, the main idea is to go long on pullbacks. It is recommended to build long positions in batches at 4780 and 4800, with targets at 4830 and 4850.

The above is only personal advice, for reference only, and does not constitute investment advice. For specific arrangements, please follow Cheng Jingsheng Shi Pan layout as the basis for your trades！！$XAU ‌#XAU