April 30 Morning Jingyi Gold Brief Analysis



Yesterday, the white trading session declined steadily, ultimately dropping from 4613 to a low of 4515, a 100-point range, with a significant decline. Last night at 2:00, the Federal Reserve maintained a high-interest-rate stance. By this morning, after a rebound of a few dozen points, the rate cut expectations were further delayed, which is bearish for gold in the medium to long term. The risk aversion sentiment in the Middle East eased, the US dollar index strengthened, and gold ETFs continued to be sold off by funds, solidifying the market’s bearish pattern.

Spot gold was briefly pushed higher by buying interest, approaching the recent high, but failed to break the large-scale downward oscillation structure, maintaining a generally weak correction trend.

It is recommended to gradually establish short positions on rebounds to the 4590-4615 range, with a short-term target of 4500, and if broken, look towards 4400. #WCTC交易王PK
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