4.23 The Fourth Youngster's Gold Evening Trading Ideas Sharing

News sentiment: Recently, the US dollar index has risen for three consecutive days, becoming the core factor behind the weakening of gold prices. On one hand, market expectations for a Federal Reserve rate cut have cooled again, and mixed inflation data have led the Fed to maintain a high interest rate policy in the short term, increasing the attractiveness of dollar assets; on the other hand, although there is some disturbance in Middle Eastern geopolitical tensions, market risk aversion sentiment is gradually being digested, with funds flowing back into the dollar, further suppressing gold, which has no interest income.

Technical analysis: In the short term, gold prices remain in a narrow range of weakness, repeatedly testing the 4700 level but failing to rebound. The downward trend is clear. If it cannot hold above 4715, the bears will continue to dominate the market, with further declines in support levels.

Trading strategy:
If a rebound reaches the 4715-4720 zone and faces resistance, consider gradually shorting in batches, with a stop loss above 4750, targeting 4680, and if broken, continue to look down to 4660-4650. #现货黄金