4.20 Spot Gold Midday Review



In the early session, driven by easing Middle East tensions and a weaker US dollar, gold prices dipped to a low of $4,744, then quickly rebounded, returning to around $4,800. The day formed a clear V-shaped reversal, with enthusiastic buying at lower levels, trading volume rising significantly, and a continuation of a short-term upward-leaning consolidation pattern.

From a technical perspective, the key resistance level is in the $4,815-$4,830 range, while support is mainly concentrated around $4,770-$4,750.

News: Sentiment around geopolitical tensions in the Middle East has cooled somewhat, the US Dollar Index has also fallen in tandem, and combined with continued expectations for Federal Reserve rate cuts that support gold prices, the tug-of-war between profit-taking at high levels and bargain buying at low levels has intensified. In the short term, it still remains mainly an upward-biased consolidation.

Trading suggestion: In the short term, focus on a low-buy (going long) approach. If there is a pullback to the $4,765-$4,780 range, you may enter long positions with light exposure. Set a stop loss at $4,750, and the target is $4,810-$4,830.#黄金 #白银 #原油
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