YangZhengqing

April 16 Gold Morning Outlook Analysis
Federal Reserve policies and geopolitical tensions dominate, inflation stickiness and a strengthening dollar suppress gold prices,
Central bank gold purchases provide bottom support, with bulls and bears intertwined, seeking a bottom through oscillation.
Yesterday, gold surged to 4871 then fell back to 4786, with a rebound at the end of the session now at 4791, near the lower band of the Bollinger Bands,
Support at 4786 is significant, the middle band is under pressure, short-term remains weak but bottom support is emerging, Bollinger Bands are narrowing,

4/15 Gold Midday Outlook
Gold struggles around the 4800 level, with an early rally to 4871 followed by a pullback, dropping to a low of 4817, currently at 4825 with sideways movement.
Bollinger Bands are contracting; from a technical perspective, 4831 is resistance, 4824 is the dividing line, and 4818 is support, indicating a consolidation, waiting for a direction to be chosen;
The divergence between Middle Eastern safe-haven demand and Federal Reserve rate cuts causes tug-of-war, with no single-sided drive.
Suggestion: If it retraces to around 4810-4790, consider buying on dips; if it drops s

4.15 Morning Gold Analysis
Yesterday 4738→4850, bullish momentum strong, Bollinger upper band rising, high-level consolidation
Middle East geopolitical (fragile US-Iran ceasefire, Hormuz risk) + Federal Reserve rate cut expectations debate + US dollar weakness, only profit-taking at high levels suppresses
Resistance 4854-4856; support 4817-4835
Operation:
Pullback to 4825-4805 buy, deep correction to 4795-4775 add on dips, direct rise to 4840 light buy; target 4880/4900$BTC $GT $ETH #Gate13thAnniversary

In the evening, watch whether gold can hold steady above 4820. If it cannot effectively break above this resistance, consider building a short position based on this level. $BTC $XAUT $ETH #WCTCTradingChallengeShare8MUSDT