April 24 Bole Gold Morning Briefing


Geopolitical conditions ease and expectations for negotiations strengthen, causing the safe-haven support for gold to fade; longs at higher levels take profits and exit, and selling pressure is gradually released.
The daily moving averages form a death cross and turn downward; the gold price is pressured to move lower. MACD bars expand to the sell side, and an adjustment trend at a larger scale is established. The 4-hour Bollinger Bands open downward; rebounds are repeatedly capped, and a bearish oscillating-downward pattern is clearly forming. Key resistance is concentrated at 4750-4775.
Trading reference
Sell short in batches at 4750-4775, set stop loss at 4790, targets at 4700, 4650, 4600, 4550
Buy in batches at 4700 and 4720, set stop loss at 4690
Warm reminder: Market analysis is for reference only and does not constitute investment advice. Control risk strictly in your trading. #黄金
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