April 16, 2026 Spot Gold Morning Analysis



Good morning! Today’s gold market opened under pressure with fluctuations, with the current price hovering around 4800.

Expectations of U.S.-Iran negotiations fluctuating have cooled safe-haven demand, combined with the rebound in the dollar and U.S. bond yields, short-term gold prices face correction pressure; however, central banks’ continued gold purchases and geopolitical risks remain, providing strong support below.

Gold is fluctuating within the 4780-4840 range, with 4800 as a key support level, and 4835-4840 forming short-term resistance.

In terms of trading strategy, focus on buying on dips and supplement with selling on rallies, strictly using stop-loss orders, avoid blindly chasing orders. It is recommended to gradually enter short positions on rebounds around 4830-4860, targeting near 4800-4770.

The above is only personal advice, for reference only, not investment advice. Please follow Cheng Jingsheng’s layout at Shi Pan for specific guidance! #XAU $XAU
XAU-0,23%
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