April 8, 2026 Spot Gold Midday Analysis



In the early session, driven by news about the US-Iran situation, gold prices surged more than 150 points in the short term, then rose to a high before pulling back; it is currently trading in a tight range and consolidating around 4800.

In the short term, support has shifted down to 4780. 4820 is forming short-term resistance above, and strong resistance is around 4850. From a technical perspective, price is in a high-level overbought range, and the need for a pullback correction is evident.

For trading, it is recommended to stage short positions from high levels based on 4820 and strong resistance at 4850. Targets are 4800 and 4770. Set stop-losses strictly and do not blindly chase trades.

The above is only personal advice for reference and does not constitute investment guidance. For specific plans, please follow Cheng Jingsheng and Shi Pan’s layout! $XAU #XAU
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