4.24 Gold Evening Outlook

Gold initially surged in the intraday session, reaching the 4711 level before the upward momentum slowed, and the market faced selling pressure and pulled back. The decline stopped around 4657 and gradually stabilized, with the current price fluctuating slightly around the 4674 range.

Based on the Bollinger Bands structure of the chart, after touching the upper band, the gold price faced resistance and pulled back. After breaking below the middle band, it relied on the lower band for support and saw a slight rebound. Currently, the price is trading below the middle band, with a strong atmosphere of bulls and bears fighting. The market is oscillating back and forth, and there is no clear one-sided trend in the short term.

On the news front, the market continues to digest the safe-haven impact brought by geopolitical tensions. The US dollar index fluctuates back and forth, indirectly causing gold prices to oscillate up and down. Overall, market sentiment remains cautious, and the short-term trend is maintaining a range-bound consolidation.

From a technical perspective, the intraday rally and pullback have opened the Bollinger Bands range. In the short term, the middle and upper bands form a key resistance, while the lower band provides effective support at the bottom. Currently, the rebound strength of gold is limited, with obvious resistance above, but the support at lower levels remains solid and has not been effectively broken. The overall evening trend leans towards weak consolidation.

For evening trading, it is recommended to focus on range-based strategies. When the price rebounds to the 4690-4710 resistance zone, consider short positions accordingly. Watch the support at around 4650; if this support is effectively broken, further downside targets include the key level at 4600. #加密市场行情震荡 #美伊谈判陷入僵局