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April 16 Midday Gold Forecast
Gold fluctuated at high levels today, rising early and then falling back, mainly consolidating in the short term. The cooling of the Federal Reserve's interest rate cut expectations has suppressed gold prices, while central bank gold purchases and geopolitical factors provide support, with the main trend being range-bound fluctuations.
Trading Suggestions
• Near the rebound, lightly short around 4830-4835, with a stop loss above 4840, targeting 4800-4780
• On a pullback to 4775-4780, stabilize and go long, with a stop loss below 4755, targeting 4800-4820
Market volatility is high; the above is for reference only. Strict stop-loss and position control are advised. #黄金##现货黄金# #GoldPrice