April 10 Gold Morning Latest Trend Analysis and Trading Strategies

Gold peaked at 4801.14 before facing resistance and pulling back, currently the 1-hour Bollinger Bands are narrowing, with the price retracing to the middle band around 4753.54, RSI indicator weakening in sync, short-term upward momentum significantly diminishing, officially entering a high-level oscillation and consolidation phase. Although the medium- to long-term bullish trend has not been completely broken, short-term profit-taking pressure is increasing. Trading should focus on buying low and selling high within the range, strictly setting stop-losses to avoid sharp volatility after data releases.

Key levels for the day: strong resistance at 4800-4805 above, strong support at 4700-4699 below. Trade around this range with buy low and sell high, follow the trend if broken.

Long position setup: buy in batches on dips around 4705-4725, with a stop below 4700. The first target is 4785-4800; if broken, hold for 4850-4880. If not broken, take profit and exit around 4795-4800. #Gate上线Pre-IPOs #加密市场小幅下跌 #原油小幅上涨 #XAU