April 22, 2026 Spot Gold Midday Analysis



In the morning, spot gold dipped to the low and then rebounded, with the highest rebound reaching around 4761. Overall, the market is mainly driven by technical correction.

4770 and 4800 above are important short-term resistance levels. If price can effectively break through and hold, there is hope to completely reverse the weak trend. Current downside support has been adjusted to 4740 and 4720.

The current market is still in the repair phase. If it breaks through the short-term resistance smoothly, it may continue to target 4820.

For trading, it is recommended to look for stabilization after a pullback in the 4740–4720 range and build long positions in batches, strictly set stop-losses, with the first target at 4770. If that breaks, then look toward 4800–4820;

If the rebound rises to above 4770 and then meets resistance and falls back, you may consider a light short position, quick in and quick out, and do a good job of risk management.

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow the plans of Cheng Jingsheng and Shipan for details! $XAU #XAU
XAU-0.26%
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