4.21 Bole Gold Evening Analysis


Spot gold surged to 4832 intraday before pulling back, currently oscillating near 4780 at a high level, with bulls and bears fiercely contesting.
News-driven tug-of-war: U.S. economic data is improving, expectations of rate cuts are cooling, and the dollar is strengthening, combined with profit-taking at high levels, putting pressure on gold prices; the Middle East ceasefire agreement is about to expire, and global central banks continue to buy gold, providing support at the bottom for gold prices. Focus tonight on U.S. retail sales data and changes in Middle East tensions.
Technical analysis: Gold price remains within the 4730-4830 range, with the weekly bullish trend intact but short-term weakening. Support levels are at 4783-4760, with a break below targeting 4737; resistance is at 4830-4840.
Trading suggestions:
- Short in batches on rebounds around 4790-4800, targeting 4770-4750, with a break below targeting 4737;
- Light long positions on dips near 4770, with strict position control and stop-loss in place.
The market carries risks; investment should be cautious. For reference only! #黄金##现货黄金#
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