4.17 The Fourth's Gold Evening Analysis

News Outlook
First, look at the current market situation. As of now, international spot gold hovers around $4,785 per ounce, and domestic gold T+D and Shanghai Gold also slightly retraced. Throughout the day, gold prices mainly oscillated around the $4,800 mark, rising to about $4,806 and then immediately falling back. The $4,800 level now acts as a strong resistance. Bulls trying to push higher find no sustained momentum.

Technical Outlook
Upper resistance: the $4,800–$4,810 range is a hurdle that bulls will find difficult to break tonight. As long as they can't stabilize above $4,800, avoid blindly chasing long positions;
Lower support: the first support is at $4,770–$4,760, which is near the day's low. This support is relatively strong. If it holds, the market will likely remain in narrow fluctuations tonight; if it breaks below $4,760, short-term bearish momentum will intensify, and the next support levels are $4,750 and even $4,740.

Trading Suggestions:
Light short positions near the rebound at around $4,800, with a stop-loss at $4,815;
Light long positions on a rebound and stabilization at $4,760, with a stop-loss at $4,745. Strict stop-loss, do not hold positions over the weekend!#现货黄金