April 1, 2026, Spot Gold Morning Analysis

Yesterday, gold showed strong momentum, steadily climbing throughout the day, closing around 4667. The daily chart formed a large bullish candle, with the bulls clearly in control.

On the news front, the Federal Reserve has recently adopted a dovish stance, boosting market expectations for rate cuts. Coupled with geopolitical tensions, this has provided strong support for gold prices. Today, focus is on the evening ADP data; fluctuations in the data may cause gold prices to move back and forth.

From a technical perspective, gold has stabilized above the 4600 level, with an overall upward trend. Short-term support is around 4630-4650, with resistance above at the 4700 round number. Breaking through this level could lead to further gains.

It is recommended to wait for a pullback to support levels and stabilize before going long. Avoid chasing highs, set proper stop-losses, and manage position risk carefully. In trading, consider buying in small batches near the 4630-4650 support zone, targeting the 4680-4700 range. If the price breaks and stabilizes above this area, further upward movement toward 4720-4750 is possible.

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