4.22 Lao Si Gold Morning Ideas

After the overnight gold price quickly dipped to complete a shakeout, it stabilized at lower levels and rebounded. The main intraday idea is to maintain a low-position bias and mainly go long. Gold price stopped falling and rebounded around the 4668 area. Bearish momentum has been fully released, with strong buy-side support below; the overall bullish structure remains unchanged.

Technical perspective: On the hourly timeframe, moving averages are turning upward. The daily chart formed a long lower shadow, confirming a signal that prices have stabilized at low levels. For the short-term, watch the support area of 4670-4700. On the upside, resistance is at 4755-4770. After a breakout, there is a possibility of probing the 4800 level.

News perspective: The U.S. dollar and U.S. Treasury yields fall in tandem. Near-term negative factors have been exhausted. Combined with sustained gold purchases by central banks across countries and support from risk-averse sentiment, the room for gold to decline is limited.

Trading recommendation: On a pullback to 4710-4750, build long positions in batches. Targets to watch are 4760, 4800, and 4830 in sequence. #黄金 #现货黄金