4, April 28 Afternoon Gold Accelerates Downward, The Trend Basically Fulfills the Morning Judgment, Price Smoothly Falls Back to Our Planned Support Zone of 4644-4580, Currently the Low Point Has Reached 4624, Just One Step Away from the Key Support of 4619 at the Beginning of the Month. The Focus During the European Session Has Shifted from "Will It Test 4619" to "Can 4619 Hold."

  From a structural perspective, this correction is noticeably weaker than the one in early April.

  At that time, although the price dipped to support, the 4-hour MACD remained in a strong zone, and the correction was more like a technical adjustment; whereas this time, the MACD is not only completely below the zero line but also forming a death cross, which is a more standard bearish continuation signal, indicating that the downward trend is still unfolding.

  On the 4-hour level, although the moving average system still retains some medium-term support, the Bollinger Bands are narrowing, combined with the weak MACD, indicating that the price has not yet fully completed its downward move, and there is still a possibility of further decline.

  
  More worth noting is the short-term rhythm.

  On the 15-minute level, almost no decent corrective structure can be seen, and the rebound strength is weak, indicating that funds are not actively absorbing, and there are no signs of an organized bullish rebound. Usually, such weak corrections followed by sideways trading are more likely to evolve into a second downward break.

European Session Focus:
  Key Support: 4619

  If it holds, there may be a technical relief rebound

  If it breaks, it is highly likely to further decline to 4580

  Resistance Above: 4644-4650

Trading Strategy
  Currently, the overall judgment remains bearish, mainly focusing on shorting on rebounds under pressure, and not rushing to bottom fish on the left side.

  

  Daily review, pre-market ideas, and intra-market logic will continue to be shared. #黄金： #黄金行情分析及操作策略。 #黄金行情 $XAUT