4.16 Gold Brief Review

Geopolitical risk aversion sentiment has eased, and market sentiment still needs to be digested. Gold prices are oscillating and consolidating at high levels. From the 4-hour timeframe, the Bollinger Bands are converging, and the short-term moving averages are intertwined, with the overall chart showing a range-bound oscillation pattern.

Intraday range reference: 4785-4875, adopting a high sell and low buy swing trading approach.
Resistance levels: 4855, 4880, 4905
Support levels: 4800, 4780, 4750

Re-enter short positions around 4840 after a rebound, targeting 4820-4805.
Enter long positions on a pullback near 4795, targeting 4815-4830.
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