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April 27, 2026 Spot Gold Midday Analysis
The early morning low-buy strategy based on the 4680 support has been successfully validated, and the market remains in a high-range oscillation. Although it has not yet reached the 4730 target level, whether it can break through effectively later depends on the momentum of the European session.
Currently, the market is oscillating narrowly around 4720, with short-term resistance levels at 4730 and 4750; below, the 4700 level has completed a top-bottom reversal, becoming a key short-term support, while 4680 is a strong support zone.
The midday overall approach continues to favor a pullback to buy low, waiting for the market to retest the 4700-4680 support zone to opportunistically enter long positions. The short-term targets are first 4730 and 4750; if the market breaks through strongly, it can further rise to the high zones of 4780 and 4800.
The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! $XAUUSD #XAU