Will gold plummet tonight on April 23?



News: Middle Eastern risk aversion sentiment cools down, traders take profits, and gold prices come under pressure. The initial jobless claims data tonight will influence the market; strong employment data will be bearish for gold, while negative data may trigger a short-term rebound. Be cautious of intraday volatility.

Technical: The hourly chart remains in a downward channel, with the Bollinger Bands trending downward, showing clear resistance, and the bearish trend remains unchanged. Indicators are oversold and require minor correction, but the rebound strength is limited, and volatility may increase tonight.

Trading idea: Currently, stabilize long positions around 4690-4700, with the first target at 4720, and a break below to 4740. Strictly use small positions with stop-loss. Wait for tonight’s data release before making further moves.
⚠ For reference only, trade rationally #黄金# #现货黄金#
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