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4.9 Morning Gold Analysis
Yesterday, it surged to 4856 and then sharply retreated. This morning, it is fluctuating around 4715.
The bullish momentum is clearly weakening, selling pressure at high levels is increasing, and the short-term outlook is bearish.
With a ceasefire in the Middle East, risk aversion is cooling down. The Federal Reserve's hawkish stance and a strengthening dollar have led to concentrated profit-taking at high levels. The rebound has ended, and the structure is turning bearish. This morning's strategy is mainly to go short at high levels.
Trading Suggestions
Short between 4740—4770, targeting 4680—4650✓, and if broken, continue to look lower$XAUT #加密市场回升 #Gate广场四月发帖挑战 #特朗普同意停火两周