4.27 Mu Yun Morning Gold Analysis

Last week, gold opened at 4724. Earlier, it surged to around 4825 before meeting resistance and coming under pressure. With the bulls lacking sufficient follow-through momentum, the market gradually shifted into range-bound trading and then weakened. The session’s low was reached at 4657, and in the end it closed at 4708, showing an overall bearish pattern characterized by a rise followed by a pullback.

On the geopolitical front, the current state of the ceasefire between Iran and the U.S. remains unchanged. The focus of the two sides’ game has shifted to ceasefire negotiations and talks. Regional tension is gradually easing, and safe-haven support continues to weaken. Even if the strait blockade is still ongoing, it is difficult for it to provide sustained upside momentum for gold.

From a technical perspective on the 4-hour timeframe, price action is overall in a downward rhythm. Each rebound has been repeatedly suppressed by moving averages, and sell pressure from the bears is relatively heavy. However, after the price pulled back to around 4650, the indicators formed a bottom divergence pattern. The bears’ momentum has been continually consumed, and the market has conditions for a short-term technical rebound to repair.

Trading outlook:
Consider buying when gold pulls back in the 4650–4665 range. The short-term rebound target is 4700-4730#黄金 #周一策略推荐