Gold Evening Analysis and Strategy



Gold rebounded after testing the bottom yesterday, with a low of 4607, then surged strongly. The daily chart closed with a long lower shadow and a moderate bullish candle, completing a bottom formation.
Today, driven by the US-Iran ceasefire and expectations of interest rate cuts, it gapped higher and broke through $4,800, reaching a high of $4,857, then fluctuated at high levels.

Current (April 8 evening): London Gold is approximately $4,782, with short-term support at $4,780 and resistance at $4,850.

Trading Suggestions

Enter around 4775–4778, with a stop below 4765, targeting 4820–4830.
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