4.22 Evening Gold Trading Strategy Sharing from Laosi

The intraday gold price experienced a wave of bottoming out and rebound, with a weak correction. After hitting the bottom in the morning, it oscillated upward, and in the afternoon, it kept trading within the 4730-4770 range. The daily chart still shows a weak pattern after a big decline; the bullish rebound lacks sustainability, and the overall trend remains bearish. Tonight, focus on the US initial jobless claims data and Federal Reserve speeches, as the market is likely to see increased volatility!

On the short-term 1-hour chart, gold is still in the correction phase after a sharp decline. Although the short-term moving averages are showing signs of turning upward, they are still constrained by the previous downtrend line. The bearish dominance has not changed.

Tonight’s trading suggestions:
If the rebound reaches the 4760-4780 zone and faces resistance, go short directly! Place stop-loss above 4800, with initial targets at 4730-4710. If the support breaks, look directly for a move down to 4680!

⚠️ Friendly reminder: Tonight’s data releases will be concentrated, and market volatility may be intense. Operate with light positions, strictly set stop-losses, avoid chasing or holding onto positions, and prioritize safety!#黄金