April 21, 2026 Spot Gold Morning Analysis



Good morning everyone! Yesterday, gold bottomed out and rebounded, touching a low of 4737 before strongly bouncing back, returning above 4820 to fluctuate. Currently, bulls and bears are intertwined, with the strengthening dollar and cooling expectations of rate cuts creating pressure, while ongoing tensions in the Middle East provide safe-haven support.

The technical daily chart remains in high-level oscillation, with short-term support at 4780-4800, strong support at 4750, and resistance above at 4830-4850.

For trading, it is recommended to rely on short-term support at 4780 and 4800; after stabilization, consider entering long positions in batches, targeting 4830 and 4850.

Before tonight’s Federal Reserve hearing, the market is cautious, so operate mainly within a range, with light positions for high shorts and low longs, strictly setting stop-losses.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s and Shipan’s layout for specifics!!$XAU #XAU
XAU-0,02%
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TheSaltedFishTurnsOverBut
· 2h ago
Hop in the car!🚗
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