WenjieGuanjin

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)
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