4.27 Jianxi Noon Gold Market Latest Analysis

At noon, let’s talk about the current gold price trend. Today, spot gold has delivered a very clear V-shaped reversal, and the move is especially exciting!

In the early session, gold was still continuing its weak downtrend, falling to the 4672 area. After that, the bulls started to gain strength, with a strong rebound and a rally that kept grinding higher. It topped out by surging to the 4730 level. In a short time, it rose by nearly 60 points. However, after climbing to the high area, many bulls began to take profits and exit, and the gold price quickly fell again. Right now, the battle between bulls and bears is particularly intense.

Let’s also discuss the news driving the market. The market has been debating when the Federal Reserve will cut interest rates this year, with rate-cut expectations shifting back and forth. In addition, the risk-aversion sentiment brought by geopolitical developments has not faded, and this has provided support for the gold price—so it can’t fall further. But in the short term, US Treasury yields and the US Dollar Index have edged up. On top of that, many people at high levels are taking profits and leaving, which has suppressed gold from continuing higher, causing the price to retreat immediately after the spike.

From a short-term technical perspective, on the 10-minute timeframe, after the gold price tested the low, it has been closing with consecutive bullish candles to lift higher. The short-term bullish momentum is strong. But once it hits the 4730 level, it can’t rise further and starts closing consecutively with bearish candles, signaling short-term weakness. There are also signs that the short-term moving averages are turning downward. The key resistance overhead is the 4730 intraday high, while the main support below is the 4700 round-number level.

Finally, here’s an operation reference for you: if the gold price rebounds back to the 4720-4730 range, you can consider shorting in batches. The initial target is 4680, then look to 4650 and 4605.#白宫记协晚宴发生枪击事件 $XAUT