4.8 Afternoon Gold Analysis:

Just brewed a cup of tea and watched the market for a while—this move is like strolling through a vegetable market—early morning surged to around 4856 and faced resistance, then retreated, and in the afternoon, it hovered around 4800, just enough to give a low-positioned long entry opportunity.

Once the Middle East ceasefire news came out, oil prices plummeted, risk sentiment cooled down, and gold initially surged in the morning but experienced some profit-taking. But don’t panic! The US dollar index broke below 100, and the Fed rate cut expectations remain after September. With high interest rates, funds have no better place to go, institutions quietly increased their positions, and if it can’t fall further, that’s the bottom.

Support: $4780-$4800, this is the dense zone of intraday lows. If broken, look at $4740-$4750; holding this range, the bullish pattern remains intact.

Resistance: $4850-$4880, the early high is pressing down; a breakout could push toward the previous high.

The 4-hour bullish arrangement is still in place, and the KDJ has pulled back from high levels but is not oversold. After consolidation and correction, the outlook remains bullish.

Suggestion: Buy at $4780-$4810, target $4800-$4850. Breakout targets around $4900. $BTC $GT $ETH