4.21 Bole Lunpan Analysis


In the early session, gold surged to 4833 and then faced resistance and pulled back, oscillating downward to touch the 4775 level. Currently consolidating around 4790, short-term bears are dominant.
Affected by the cooling of risk aversion sentiment and the easing of geopolitical tensions, gold safe-haven buying has significantly weakened. Coupled with the technical moving average bearish alignment, the rebound momentum is insufficient, and resistance levels are gradually shifting down to the 4800-4810 range.
Short-term support below is focused on 4790, with strong support in the 4775-4755 area. Overall, the market maintains a weak oscillating pattern.
In terms of operation, consider gradually entering long positions around 4775–4755 on pullbacks, with the initial target at the 4800 threshold. After breaking through, aim for 4830–4860. Market volatility is rapid, so strict risk control is essential.
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