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April 14, 2026, Spot Gold Midday Analysis
In the morning, spot gold showed a pattern of oscillating and gradually rising, currently fluctuating within the 4760-4780 range.
The short-term resistance at 4780 is clearly suppressing the upward movement; without significant news catalysts, short-term breakthroughs are difficult. Support levels on the downside are at 4750 in the short term, with strong support at 4720.
The current bullish momentum in the market has weakened somewhat, with the trend leaning towards oscillation and weakness, and the risk of a pullback gradually increasing.
Operationally, it is recommended to rely on the short-term resistance at 4780 and the strong resistance at 4800 to gradually establish short positions, with targets sequentially at 4750 and 4720.
The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout at Shipan for specific strategies!!$XAU #XAU