April 6, 2026, Spot Gold Morning Analysis

This morning, the market opened with a gap down and a low open, with the lowest touching 4608. It is currently trading sideways in a narrow range around 4610. The dual negative pressures from the non-farm payrolls report and Trump’s remarks have been concentratedly released, so bearish dominance leads in the short term, but oversold conditions are severe and there is a need for a correction.

Due to the non-farm data coming in far above expectations, the Fed’s June rate-cut expectations have almost been wiped out, and the U.S. dollar and Treasury yields are strongly suppressing gold prices. The Middle East situation provides slight support, but it cannot change the weak trend. There is no major data scheduled today, so the focus is on technical-range consolidation and correction.

Technically, the short-term battle is centered on oscillation and contention around the key support level at 4610. The daily chart shows a clear bearish trend, and 4700 and 4650 have already been broken.

Strong support below: 4600-4590; if broken, look for 4550
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Resistance above: 4660-4680; rebound faces pressure in the zone

Trading Suggestions

If 4600 stabilizes and does not break: take a light-position long, stop loss at 4580, target 4660-4680
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If the rebound reaches 4660-4680: short, stop loss at 4700, target 4610-4590

The above is only personal advice, for reference purposes only, and does not constitute investment guidance. For specific arrangements, please refer to Cheng Jingsheng Shipian!$XAU ‌#XAU