4.16 Gold Morning Outlook



A pullback is a good opportunity to buy in; gold bulls are gathering strength and ready to strike, with a clear rebound signal!

Yesterday, gold surged higher but faced resistance and pulled back, entering a range-bound consolidation. The overall trend is oscillating but leaning towards strength, accumulating momentum for a new rally.

The market shows that gold prices are building a strong support at around 4780, with multiple tests without breaking below. Short-term moving averages are turning upward, and buying interest below is strong. Although there are fluctuations in the short term, the overall rhythm favors a sideways upward correction, with intraday trading focusing on buying on dips.

For long positions:
Buy in stages within the 4785–4800 range, entering on dips that stabilize, with a target of 4850.

Fundamentally, the US-Iran situation remains volatile but negotiations are still expected; risk aversion has temporarily eased. The US dollar index has retreated from high levels, combined with market expectations of the Federal Reserve's easing policy remaining unchanged, and the downward interest rate logic supports gold prices. The medium-term bullish pattern remains solid.
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