4.30 The Fourth’s Evening Gold Trading Ideas Sharing

Gold prices surged strongly, breaking through a key resistance level; the short-term bullish structure has been fully established.

The Federal Reserve’s April interest rate decision leaned hawkish. The market’s expectations for rate cuts were pushed further back, and the negative impact brought by the dollar and U.S. Treasury yields has already been priced in ahead of time. The safe-haven premium driven by geopolitical conditions continues to support gold prices. Combined with market concerns that inflation remains persistently high, demand for gold as a hedge against inflation has continued to strengthen. Intraday buy-side capital has kept flowing in, pushing gold prices higher in a strong trend.

Looking at the hourly chart, the price has held above the upper band of the Bollinger Bands. The Bollinger Bands are widening upward, with support along the band moving higher in tandem, fully opening up upside room. Although the KDJ indicator has entered the overbought zone, it has not yet formed a death cross or turned downward, so short-term bullish momentum remains strong. Gold has successfully broken out of the prior range of consolidation, with moving averages across different timeframes arranged in a bullish formation. Overall, the upward structure remains intact.

Trading idea: On a pullback to the 4620-4630 range, set up long positions. In the short term, look for targets of 4650 and 4670; after a breakout, look up to 4700.#黄金 #现货黄金 $XAUT