4.13 Miao Yao Gold Morning Analysis

Gold opened with a gap down in the morning session, and the low reached 4644. The price plunged by over 100 points in a single day. Amid the resonance of multiple negative factors, funds exited the market significantly, and the market weakened in a one-way trend.

The temporary ceasefire between the U.S. and Iran was implemented, and Middle East risk-aversion sentiment quickly faded. Safe-haven buy orders withdrew, becoming the direct trigger for the sharp selloff. Combined with the Fed’s hawkish tone remaining unchanged and rate-cut expectations continuing to cool, the dollar and U.S. Treasury yields remained under pressure at high levels, suppressing gold prices from a fundamental perspective.

In technical terms, the key support at 4700 was broken, triggering a wave of stop-loss sell orders. Along with relatively low morning liquidity, the bearish selling pressure was concentrated and released, further expanding the downside. At the same time, once Trump’s tariff exemptions were put in place, market risk appetite rebounded, and funds rotated into risk assets, intensifying gold’s decline.

Trading Outlook

Focus on going short on the day, and never chase longs at low levels. When there is a rebound, then follow the trend to sell short.