April 28, Xixi Afternoon Gold Latest Market Analysis

Today, the market's risk aversion sentiment has noticeably cooled down, and the tense situation in the Middle East has also eased quite a bit. Previously, funds buying gold for safe haven were flowing out, and the premium is gradually declining. Additionally, the expectation of a rate cut by the Federal Reserve has decreased again, and the dollar remains strong, which fundamentally suppresses gold from rising.

There were no major news today, and the market mostly followed the dollar and market sentiment, spiking briefly then retreating, overall showing weakness.
From a technical perspective, the outlook is not optimistic; after the price fell, key moving averages were broken, and the Bollinger Bands are opening downward, indicating a bearish trend. Although the indicators are oversold and suggest a possible rebound, the strength is definitely limited, and the main trend remains bearish.

Personal trading idea:
Wait for a rebound to the 4640-4670 range, then go short accordingly, with the first target at 4610, and if broken, then around 4600. #伊朗提出霍尔木兹海峡重开协议条件 $XAUT