April 28th Gold Morning Latest Trends and Trading References

Recent gold market movements, I believe everyone has seen clearly; overall, it has been oscillating within a high-range zone, with bulls and bears tugging back and forth, and no clear trend emerging for now. Under this kind of movement, we should honestly trade within the range, selling high and buying low, strictly following key levels for operations.

Here are some ideas for your reference:
If the market pulls back, falling to the support zone of 4650-4660, and the price stabilizes, you can gradually buy the dip to build long positions. After all, with the central bank continuously buying gold and geopolitical tensions bringing safe-haven sentiment, these long-term favorable factors support the price. The downside potential within this range is basically limited, making short-term rebounds highly cost-effective.

If the market rebounds and reaches the resistance level of 4720-4740, showing clear signs of resistance and stalling, consider taking partial profits on long positions and lightly establishing short positions. Currently, the US dollar index and US Treasury yields continue to strengthen, plus profit-taking from previous gains needs to be realized. The upward resistance at this level is very strong, and short-term pullbacks can easily capture profits.

Finally, a reminder: risk control in oscillating markets always comes first! Keep a strict watch on your positions throughout, never over-leverage, and set strict stop-losses for every trade. For buying dips, place stop-losses below support levels; for selling high, set stop-losses above resistance levels. This helps avoid unnecessary losses caused by sudden news breaking the range. Focus on steadily capturing short-term swing profits. #WCTC交易王PK #比特币突破7.9万美元 #白宫记协晚宴发生枪击事件 #XAU