4.29 Laosi Morning Gold Trading Ideas Sharing

The gold market yesterday showed a clear one-way pullback. Price continuously fell from the 4700 area, dipped to 4554 where it briefly stopped the decline, and then rebounded slightly to around the 4600 level. However, the rebound momentum was very weak: the bulls lacked sufficient upward momentum. The short-term market weakness is clearly established. Going forward, operations should still mainly follow the trend by selling short based on rebounds.

For intraday short-term trading, focus on the key support band of 4550-4560. This area is the key defensive zone for short-term long positions at this stage. The immediate resistance above should first be seen at 4620-4630, and the stronger resistance zone is at 4640-4650. From the four-hour cycle perspective, the overall market trajectory continues to weaken, the bearish trend structure remains intact, and the overall trading approach is steadfast: sell high on rebounds. Avoid blindly bottom-fishing to go long. Precise entry points should be determined based on real-time intra-day updates and prompts.

Reference trade: When the short-term rebound touches the 4625-4630 area, directly set up short positions. Use a unified stop-loss placed at 4650. The short-term downside targets are looking toward the 4550-4560 support. Once support is effectively broken, you can continue holding the short position to capture the potential profit from the continuation of the downward move. #黄金 #现货黄金