April 28 Spot Gold Evening Analysis

Good evening, all investment friends. Today, gold traded sideways and then declined during the day, with intraday drops approaching $97, and the lowest dipping to the 4604 level. The market's bearish sentiment continues to dominate, maintaining a generally weak downward trend.
From a technical perspective, both the 1-hour and 4-hour cycles have broken below the lower Bollinger Band support. The immediate support level to watch is around 4590, with strong support below at 4550; the 4630-4650 range forms a dense resistance zone. Without any sudden positive news, gold prices are unlikely to have a significant rebound in the short term.
Tonight's trading should mainly focus on shorting at rallies. Pay close attention to the breakout of the 4600 level; once it is broken, gold prices are likely to continue falling. Consider entering short positions in batches around the 4620-4630 resistance zone, with the short-term target first at the 4600 level. If the weakness persists, further targets could be 4580 and 4550. #黄金