April 24, 2026 Spot Gold Midday Analysis

Midday gold continues to fluctuate weakly, rising in the morning session then pulling back in a volatile manner, with short-term bullish momentum clearly weakening. Coupled with crude oil stabilizing at high levels and oscillating, it indirectly exerts pressure on gold prices, and the overall market trend is leaning towards weak consolidation.

From a technical perspective, short-term indicators continue to weaken, with key resistance levels moving down to around 4700 and 4690, while short-term support remains at the 4650 level.

In terms of trading, prioritize following the weak trend, and consider short positions around the 4690-4700 resistance zone. The short-term target is first set at 4650; if the market undergoes a deep correction, it could fall further to the 4600 level.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's layout at Shipian for specific strategies! $XAU ‌#XAU