4.21 Slight Gold Evening Review



Today, gold surged to 4833 in the early session but then started to face pressure and pull back, with the white session fluctuating downward all the way, dropping to a low of 4772 before stabilizing. Now it is oscillating narrowly around 4783, with the short-term downward momentum slowing down, but the bulls have not yet begun to rebound.

On the news front, the geopolitical situation has temporarily eased, risk aversion has cooled, and combined with profit-taking by previous long-position traders, the market is cautiously watching the Federal Reserve's upcoming policy moves. After the price surged, it faced pressure and retraced.

Technically, the moving averages have turned downward, indicating a short-term bearish trend. However, support at 4770-4775 remains relatively effective. The KDJ indicator is turning at low levels, so tonight is likely to see range-bound oscillation. Resistance above is at 4800-4810, and support below is at 4770-4775.

Trading suggestions:
- Buy near 4780-4760 on pullback;
- If the market moves directly upward, buying around 4790 is also possible, with the initial target around 4830.
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