April 24, 2026 Spot Gold Morning Analysis



Last night, the US market moved higher then fell back, with the current trading session opening with a gap around 4699, maintaining a generally weak oscillation pattern.

The daily chart shows a bearish close, and currently, the one-hour and four-hour timeframes are mostly within a downward channel, trading within the lower band of the Bollinger Bands, clearly indicating a weak oscillation trend.

Although the market has repeatedly shown rebound and correction movements, the key resistance levels at 4725 and 4750 are strongly suppressing upward momentum, causing prices to repeatedly face resistance and fall back. As the weekend approaches and the market activity gradually weakens, combined with some institutions temporarily exiting the market, the short-term volatility risk has increased.

From a trading perspective, focus on key resistance levels above, and consider gradually establishing short positions around the 4725 and 4750 zones. The short-term targets below are initially 4680 and 4650. If a deep correction occurs, pay attention to support areas near 4600.

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! #XAU $XAU
XAU-0.57%
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