April 29th Gold Morning Latest Trend Analysis and Trading Reference

The four-hour timeframe for gold shows a very clear bearish trend, forming a double top pattern and pulling back. It is currently under continuous pressure at the middle band of the Bollinger Bands, weakening along the lower band. The bearish momentum is not diminishing at all, and the MACD remains in a weak downward trend. Even if there is a short-term rebound, the space is extremely limited. The overall bearish pattern is clear.

Revisiting the fundamental influences, the Middle East crisis, while supporting oil prices, indirectly provides some safe-haven support for gold. However, the main negative factors remain strong: persistent high inflation, combined with market expectations of rising interest rates, and the Federal Reserve's rate cut expectations cooling down, directly suppress gold prices. Even with global central bank gold purchases providing some support, it is difficult to change the short-term weakness of gold.

A key reminder: tonight's focus is on the FOMC decision and Powell’s speech. Data-driven market volatility will increase, so trading must be very cautious!

Trading reference: Short in batches within the 4610-4630 range, targeting 4530-4480. Strictly set stop-loss orders for data-driven trades, and strictly control risk! #WCTC交易王PK #加密市场小幅下跌 #Polymarket每日热点 #XAU