April 22, 2026 Spot Gold Evening Analysis



In the early session, gold tested the lows and rebounded. After stabilizing at the lower levels, it started a rebound and repair. Overall, it continues to maintain a choppy, sideways trading pattern, and in the short term, both bulls and bears remain locked in a standoff.

Technically, support below is concentrated in the 4720-4740 range. Above, the key resistance is at 4780-4800. Before a breakout, trading is mainly based on range operations.

In the evening, the focus should be on this week’s EIA crude oil inventory data. Crude oil is currently maintaining a high-level range-bound fluctuation. The inventory data will directly indicate the short-term direction. Before the data is released, gold is likely to continue with narrow-range consolidation.

For trading, strictly control position sizing, set and use stop-losses, and wait for key levels to break before following the move. It is recommended to buy after a pullback at 4720 and 4740 when short-term support stabilizes, with targets looking toward the 4770 and 4800 areas.

The above is only personal advice and is for reference only; it does not constitute an investment basis. For specifics, please follow Cheng Jingsheng Shipan’s layout$XAU #XAU
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