4.23 Gold Evening Market Analysis



How to grasp the gold trend this evening? From the 1-hour chart, the short-term bearish pattern has been established, and it is likely to continue declining.
Today, gold prices generally showed a one-sided weak trend, breaking below the key midline support, and currently remaining under pressure in the lower band of the Bollinger Bands, with no clear signs of stopping the decline in the short term.

For tonight's trading, focus on shorting rebounds; do not blindly buy the dip. Manage your positions carefully, and consider entering long positions only after clear signs of a bottom appear.

Evening Trading Strategy

Long Position Strategy: Enter around the 4680-4690 range with stability, stop loss at 4670, first target at 4730, and if broken, aim for 4780.

Short Position Strategy: Enter around the 4710-4720 range under pressure, stop loss at 4730, first target at 4680, and if broken, look for 4600.
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