Gold prices surge strongly, with bullish momentum continuously releasing

Gold Digger Laomao
April 8, 2026

The essence of trading is to follow the trend, not to oppose it. There will always be another opportunity in the market, but only those who respect the trend can seize their own wave of profit.

From the 1-hour chart perspective, gold today experienced an extremely strong unilateral rally, with prices rising from below the 4700 level all the way up to a high of 4857.46. The current quote is 4835.65, with an intraday increase of over 2.75%, and the bullish forces completely dominate the market. The Bollinger Bands are showing an extreme opening, with prices continuously trading above the upper band. The MA5, MA10, and MA20 moving averages are in a perfect bullish alignment, providing strong support for the price. This indicates that the short-term upward trend is very healthy, with no obvious signs of a reversal. The KDJ indicator is currently in the overbought zone, with K at 80.09, D at 78.68, and J at 82.92. Although overbought conditions suggest a short-term correction may be needed, in a strong bullish trend, overbought levels often signal trend continuation rather than reversal, and the price still has momentum to push higher.

Today during the Asian session, gold continued its strong attack from early morning. After breaking through key resistance levels, it opened up new upward space, with the overall trend fully aligning with bullish expectations. In terms of trading strategy, the core idea remains to sell high and buy low. Currently, prices are at high levels, so chasing longs is not recommended. Wait for a pullback to enter long positions at lower levels, and also consider short positions at key resistance levels to capture both sides of the range.

Today’s trading reference:
Support at 4800-4810 area; if a pullback stabilizes, consider long positions targeting 4850-4860, and hold through breakouts.
Resistance at 4860-4870 area; if a rebound faces resistance, consider short positions targeting 4820-4810, and exit quickly.

Disclaimer: The above analysis reflects personal opinions only and does not constitute any investment advice. The market carries risks; please trade cautiously and bear all trading decisions yourself.