April 28 Morning Bole Analysis

Today, spot gold dips intraday and then rebounds, maintaining a narrow range of oscillation overall.
In the early trading session, gold prices slightly weaken, falling back to around 4672 to halt the decline and stabilize, then slowly rebound, hovering around 4696 at the close, with bulls and bears repeatedly tugging around the 4700 level.
On the news front, the market is highly focused on tonight’s US core PCE inflation data and Federal Reserve interest rate decision.
Before the arrival of this major risk event, risk-off sentiment is rising, and trading becomes increasingly cautious.
Coupled with cooling geopolitical risk aversion and ongoing high-interest rate expectations, gold’s upward momentum is limited, and the rebound space is constrained.
Technically, the Bollinger Bands are narrowing and flattening, with clear key support and resistance levels, and the bullish and bearish forces remain balanced.
In the short term, the market continues to oscillate at low levels with a corrective trend, and the overall movement remains weak.

Concise Practical Strategy #黄金##金价##现货黄金#
1. Primarily focus on shorting
Rebound to the 4720-4730 range to establish short positions, with stop-loss above 4740, short-term target at 4680, and a wave target at 4650.
2. Key points for range risk control
Before major data releases, avoid heavy positions, mainly short-term trading with light positions; strictly set stop-loss and take-profit to avoid sudden break risks.
3. Core market summary
Before the data decision, gold remains within a range and is generally weak with oscillations.
Prioritize shorting on rebound opportunities within the range, and focus on steady trading.