April 15, 2026 Spot Gold Morning Analysis

Yesterday, spot gold generally maintained a high-level oscillation pattern, and in the evening, the bulls made a strong push, breaking through the 4800 level, with rebound momentum significantly increasing.

From the chart, the moving averages are arranged in a bullish pattern, the MACD has a golden cross with increasing volume, and the RSI indicator continues to recover upward, indicating short-term bullish dominance. However, 4850, as the previous high point last week, may face some profit-taking selling pressure, so caution is needed for a potential pullback after the rally. Today, focus on whether this level can be broken.

The 4-hour gold price steadily rises along the upward channel, with Bollinger Bands opening upward. Intra-day, the support levels at 4800 and 4780 form a double strong support, while resistance levels at 4850 and 4880 are key. If the price can effectively hold above 4850, further upward movement toward the 4880-4900 range is expected.

Morning trading suggestion: wait for a pullback to support levels around 4800-4820 to gradually build long positions, with targets at 4850 and 4880, and a breakthrough could target the 4900 level; place stops at 4780.

The above is only personal advice, for reference only, not investment advice. Please follow Cheng Jingsheng's layout at Shi Pan for specific actions! $XAU ‌#XAU