April 28, 2026, Spot Gold Morning Analysis



Spot gold opened with narrow fluctuations this morning, with limited overall volatility, and the market is noticeably calmer compared to yesterday.

The hourly chart continues to close with bullish candles, and the four-hour chart also shows bullish candles. The MACD green bars are shrinking, and the fast and slow lines are gradually converging, increasing the probability of a golden cross, indicating a short-term bullish momentum is warming.

The key support below is the previous low of 4667, followed by the strong support level at 4650; short-term resistance is at 4710, with strong resistance at yesterday’s high of 4730.

Currently, market trading sentiment is cautious, with insufficient buying interest, and the short-term trend is likely to continue consolidating.

In terms of trading, you can consider gradually entering short positions around the resistance zones at 4710 and 4730, with short-term targets sequentially at 4680 and 4650.

The above is only personal advice for reference, not an investment recommendation. Please follow Cheng Jingsheng’s layout at Shipan for specific strategies! $XAUUSD #XAU
XAUUSD-2.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin