April 27 Wenjie Gold Morning Review


Last week, gold surged then pulled back, ending its continuous rise with a decline after facing resistance at high levels. Currently, market expectations for rate cuts have cooled, and risk aversion sentiment has decreased. In the short term, gold prices are oscillating and slightly weak, with bears holding a slight advantage, but solid support levels prevent a large-scale decline. Overall, the market is mainly consolidating within a range.
Key Levels
Resistance: 4730–4740 (intraday strong resistance), 4800
Support: 4680, 4650–4660 (core support)
Trading Suggestions
In the short term, continue with a range-bound and slightly weak trend. For rebounds, prioritize shorting at resistance; if prices reach 4730–4740, consider short positions. If prices fall back to 4650–4660 and stabilize, consider short-term long positions with strict stop-loss. #现货黄金
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