April 28 Morning Gold Market Latest Analysis

On April 28 morning, the bearish trend in the gold market is fully dominant, with both capital flow and technical indicators weakening simultaneously. The bullish upward momentum has been completely exhausted, and the overall bearish signals continue to ferment.

From the perspective of capital flow, gold ETF funds continue to significantly reduce positions and withdraw, short-term speculative longs are fleeing in droves, and market buying power is constantly shrinking. The chart has already formed a standard bearish pattern, and the market remains under weak pressure. Even if gold rebounds later, it is not a trend reversal but a good opportunity to position for short positions in line with the trend.

On the technical side, the daily chart price has effectively broken below the 4700 key support level. All short-term moving averages across different cycles are turning downward, forming a strong bearish alignment, continuously suppressing the gold price; at the same time, the MACD indicator has experienced a death cross at high levels and continues to decline, with the bearish green momentum bars expanding, further strengthening the downward momentum. The weekly chart also resonates with weakness, with various technical indicators entering a phase of decline and correction, indicating that the medium-term trend for gold has completely shifted to bearish.

In the four-hour chart, gold price remains within a standard descending channel, with the Bollinger Bands opening downward and diverging. Short-term moving averages are layered to suppress rebounds, and the weak pattern has been fully solidified. Each small rally is quickly met with resistance and falls back, with bears fully controlling the market rhythm.

Personal trading ideas:
Gradually establish short positions on dips around 4700-4720, with the first target at 4650. If this support level is effectively broken, continue to look downward toward 4600 and 4550 levels. $XAUT #白宫记协晚宴发生枪击事件