4.27 Jixi Evening Gold Market Latest Analysis

Now the price is stuck grinding back and forth in the cluster of moving averages—this is the first hurdle in the bulls-versus-bears standoff. If it can’t hold steady, it means the bulls don’t really have the momentum, and this rebound won’t last long.

A rebound upward is essentially handing us a chance to set up a short position. The 4706-4720 area is the defense line; as long as it doesn’t break, the thinking stays firmly bearish.
First, watch the 4700 level—if it breaks, then follow through and continue to test lower. Don’t make wild guesses about the bottom, and don’t try to catch the bottom blindly—just trade according to the pullback rhythm.

Personal trading ideas
When the rebound reaches the 4706-4720 range, short directly. The initial target is 4681, then 4665.$XAUT