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 remains steady above the hourly Bollinger Band middle track 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. At this stage, this upward move is only a technical rebound correction, and the overall medium-term downtrend remains unchanged.
Tonight’s trading strategy mainly focuses on buying low and selling high within the range.
1. Buy in batches on dips around 4730-4740, with a stop loss at 4715, targeting the short-term range of 4770-4772 above.
2. When the rebound reaches above 4770, lightly short with the trend, setting the stop loss at 4786.
Market fluctuations are rapid, so strictly adhere to stop-loss orders during operations, avoid over-leveraging against the trend, and manage position risk carefully.