April 23, 2026 Spot Gold Morning Analysis

Good morning everyone! After opening today, gold has experienced a slight pullback and is currently fluctuating around 4744, still in the recovery phase after a previous sharp decline, with a fierce battle between bulls and bears.

On the news front, U.S. Treasury yields remain high, putting pressure on gold prices, coupled with ongoing tensions between the U.S. and Iran. Safe-haven sentiment fluctuates strongly, making it difficult to establish a clear short-term trend.

Technically, the key support level is at 4700. If broken, the price is likely to weaken further; resistance is strong in the 4770-4780 range, and rebounds to this level are likely to face selling pressure and retreat.

For trading, it is recommended to buy low and sell high within the 4700-4780 range. If the price pulls back to 4700-4710 and stabilizes, consider a small long position targeting 4750-4770. If the rebound faces resistance above 4770, consider shorting opportunistically with targets around 4750 and 4730, strictly setting stop-loss orders. Before data releases, control your position size and avoid blindly chasing orders.

The above is only personal advice for reference and does not constitute investment advice. Please follow the layout of Cheng Jingsheng Shipian for specific strategies! $XAU ‌#XAU