4.27 Laosi Gold Morning Market Outlook

From the short-term cycle perspective, the price of gold surged to around 4740 and met resistance, then pulled back. At high levels, it repeatedly formed doji and small bullish/small bearish candlesticks, with the divergence between buyers and sellers becoming more pronounced. The strength of the upward move continues to weaken, and the market has a need for a pullback correction in the short term.

Overall, the pace of the rebound is gradually slowing down. Upward momentum keeps fading, and the market will mainly consolidate in a high-range zone to digest the move, while waiting for a second directional choice.

Trading Reference

Long positions: During the pullback, look to enter with stabilization around the 4680-4700 support zone. Place the stop loss below 4670. The short-term target is 4730; if it breaks above, look toward 4850.

Short positions: Enter around the 4715-4730 resistance zone during the rebound, with a stop loss set above 4740. The short-term target is 4680; if there is an effective breakdown, it may be seen down to 4600.#现货黄金 #黄金