Xiyun

April 7th (Tuesday)
Pattern: Short-term rebound (rising from the $66,000 support zone), driven by Middle East geopolitical tensions and institutional buying
Support: 68,500–68,000 (intraday strong support); 67,000 (daily defense line)
Resistance: 70,800–71,500 (first resistance), 72,500–73,000 (strong resistance)
Main tone: Volatile with a slight bullish bias, but avoid chasing highs → primarily low buying, supplemented by high selling
Low buy: 68,300–67,600, target: 70,500–71,500
High sell: 70,800–71,500, considering resistance, target: 69,500–68,000
Core variables
1. Geopolitics (today’s foc

4.6 Gold Morning Report
Last week, gold experienced a rally followed by a decline. After reaching the 4800 level, prices sharply retreated, dropping to a low of 4461, and the weekly close was around 4675. Today's morning session continues to show weakness, with a quick drop at the open to the 4600 level. It has found short-term support and is maintaining a wide-range oscillation pattern overall.
This round of deep correction in gold is mainly driven by dual negative factors: on one hand, the non-farm payrolls data significantly exceeded expectations, directly dispelling the market's mainstream