April 28, 2026 Spot Gold Evening Analysis

Good evening everyone, today during the Asian session, spot gold experienced a volatile downward trend, with a intraday decline of nearly $97, reaching a low of around 4604, maintaining a generally weak and oscillating rhythm, with bearish sentiment dominating.

From a technical perspective, both the 1-hour and 4-hour charts of spot gold have broken below the lower support band, with short-term support looking at the 4590 level, and strong support at 4550; above, the 4630 and 4650 zones form a strong resistance area. If the short-term market wants to recover quickly, it will likely require a sudden positive news catalyst; otherwise, there is little room for a rebound.

Tonight's trading strategy remains focused on selling high, paying close attention to the strength of the 4600 support. If this level is broken, the market may further decline. You can consider short positions around the resistance zones of 4630 and 4650, with initial targets at 4600. If the market dips further, look toward 4590 and 4550 levels. Short-term trading should involve selling on rallies, and be sure to set protective stops!

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow the layout of Cheng Jingsheng Shipan for specific trading decisions! $XAUUSD ‌#XAU