4.22 Gold Evening Market Analysis

After a sharp decline during the midday session, gold prices began a oversold rebound correction, currently quoted at 4753, successfully breaking through the short-term key resistance at 4731, with an overall intraday rebound of 0.74%.
In the short term, the market has firmly held the middle band of the hourly Bollinger Bands at 4739, with the bulls slightly favored; however, the 15-minute short-term cycle faces clear resistance around 4771, and upward momentum is gradually slowing.
On the market side, the US dollar index has slightly recovered and strengthened, continuously limiting the rebound strength of gold. The current upward move is only a technical correction, and the overall medium-term downtrend remains unchanged.
The evening trading strategy remains mainly range-bound, buying low and selling high.
1. During the pullback to the 4730-4740 range, gradually build long positions with a stop loss at 4715, targeting the short-term range of 4770-4772 above.
2. When the rebound reaches above 4770, consider lightly shorting with the trend, setting the stop loss at 4786.
Market fluctuations are rapid, so be sure to strictly use stop losses in operations, avoid over-leveraging against the trend, and manage position risk carefully.