4.10 Gold Analysis




Gold is overall bullish. After yesterday’s pullback to 4699, it rebounded strongly, surged to 4800 but faced pressure and fell back, closing at 4765, maintaining a high-level range-bound oscillation.

Jin’an’s “Silk Road” level mentioned yesterday was also to look at 4800. It perfectly matches our expectations.

From the market view, 4700-4720 is the bulls’ core defense zone. The pullback is an accumulation for an upward move, not a reversal.

Trading idea: buy on dips
Once 4700-4735 stabilizes, buy in batches; targets are 4760 and 4780. If it breaks out, look to 4800, with a medium-term target of 4850. $BTC $GT
BTC1,41%
GT0,77%
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