4.10 Gold V-shaped rebound adjustment, watch for support and resistance breakouts

From the 4-hour chart, the MA5, MA10, and MA20 lines are sticking together and leveling out, with bullish and bearish forces locked in a stalemate, and no clear unilateral direction. The KDJ forms a golden cross in the mid-to-low area, suggesting some rebound momentum but limited strength; the RSI is in the 50–60 neutral-to-slightly-strong range. Bullish and bearish forces are relatively balanced—neither entering overbought (<70) nor reaching oversold (>30). There are no extreme market signals, and overall the structure is a range-bound, slightly bullish setup.
On the 1-hour timeframe, the MA5, MA10, and MA20 moving averages are diverging upward, which is a typical pattern after an upward move: pull back to confirm support at the moving averages. As long as the price does not effectively break below the MA5, the short-term upward structure will not reverse. If the KDJ stabilizes in the 50–60 range and forms another golden cross, it may restart the upside move; if it breaks below the 50 level, the short-term pullback signal is confirmed. The RSI is currently also falling at the same time, confirming the price pullback action. This is a healthy adjustment during an upward trend.
Today, focus on support in the 4740–4730 range, and watch resistance around 4780–4800. Overall, after the V-shaped rebound, the gold price has entered a high-level range consolidation phase, with profits being taken along the way.
Gold trading strategy: Short from the 4790-4800 range, stop loss at 4815, target 4760
Go long lightly on the pullback to the 4740-4745 range, stop loss at 4735, target 4780
Disclaimer: The above is only personal thoughts and opinions sharing, and does not constitute trading advice