On April 17th, spot gold in the Asian and European sessions fluctuated within a narrow range, repeatedly tugging around the 4800 level, with a low of 4766. During the US session, influenced by geopolitical tensions and a weakening dollar, it surged significantly, reaching a high of 4894, then pulled back slightly at the end of the session, resulting in a volatile intraday range.



Technically, the daily chart closed with a large bullish candlestick, indicating a strong return of the bulls. In the short term, focus on resistance at 4890-4900, with support at 4820-4800. The trading strategy shifts to mainly buying on dips.
XAU-0.36%
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pr1nce6
· 2h ago
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