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April 21 Gold Evening Analysis
The market surged to 4833 in the morning session and then pulled back, with the lowest at 4772 and stabilizing, currently oscillating around 4783, with the downward momentum slowing.
News: Geopolitical easing and risk aversion cooling, combined with cautious Federal Reserve expectations, have caused gold prices to retrace from high levels.
Technical: Short-term bearish, but support is evident at 4770-4775. The evening is expected to be mainly range-bound, with resistance at 4800-4810.
Trading suggestions:
Go long around 4770-4780, and if there is a deep correction, consider buying at 4730-4750, targeting above 4800.
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