4.24 Simplified Gold Evening Review



Today, gold experienced a pattern of first falling then rising, with an initial pullback to support at 4657, followed by a rebound to a high of 4711. Afterwards, it struggled to move higher and began to decline, currently fluctuating around 4683, with the upper Bollinger Band middle line still acting as a strong resistance.

On the news front, there isn’t much significant movement overall; the dollar has been fluctuating slightly, exerting little influence on gold. The market is now waiting for tonight’s data to determine the trend.

Technically, the Bollinger Bands are starting to contract and narrow, with the price consistently below the middle band, showing a clear lack of rebound strength. Currently, the bulls and bears are in a stalemate, and it depends on whether tonight’s data can break this range.

Trading suggestions:
For rebounds, short at the 4725-4745 range. First support is at 4650; if broken, look towards 4600. #美伊谈判陷入僵局 $XAUT
XAUT0,19%
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