April 8, 2026, Spot Gold Evening Analysis



The Asian session was triggered by Trump's official announcement of a two-week ceasefire between the US and Iran, resulting in a gap-up opening and a sharp rally. The opening price was 4713, soaring to 4857, an increase of over 144 points. Afterwards, the bulls took profits, and the price pulled back from the high, currently consolidating in the 4780-4800 range.

Technical analysis: 1. The 4-hour moving averages are in a bearish alignment, and the MACD has a dead cross with increasing green bars, indicating a strong short-term correction need; currently, short-term support is at 4760, with a strong support at 4720, resistance at 4830, and a strong resistance at 4850.

Trading strategy: Rely on the support at 4760 and the strong support at 4740 to stabilize and gradually build long positions, targeting 4800 and 4830 levels.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng Shipian's layout for specific actions!! $XAU #XAU
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