4.15 Old Four's Evening Gold Trading Ideas Sharing

The daytime market is a typical roller coaster of surges; the Asian session briefly touched the high of $4,870, then steadily weakened, breaking below the key level of $4,800 in the evening, currently hovering around $4,790, with a significant intraday pullback.

There are two main points to watch:

1. CPI data determines the outcome: The US March CPI will be released at 20:30 tonight, the most important event of the week. Good data may cool down expectations of rate cuts, causing gold prices to further decline; poor data may boost rate cut expectations, potentially leading gold to rebound and hit new highs.

2. Geopolitical support remains: Although the Middle East situation has eased, hidden risks remain, providing key support levels for gold, making deep declines unlikely.

Technical analysis: The overall bullish trend is still intact, but the short-term momentum has weakened, requiring a healthy correction.

Key levels to note:

• Support: 4785-4790 (strong intraday support), break below targets 4750

• Resistance: 4820-4830 (rebound resistance), then up to 4870

Trading ideas:
Don’t rush before the data release; small positions with stop-losses are the first rule.

• If the pullback stabilizes around 4785-4790, consider a small long position, with a stop-loss below 4775, targeting around 4820.

• If a rebound reaches around 4830 and faces resistance, you can try a small short position, with a stop-loss above 4840, targeting below 4800.

Prioritize caution, avoid heavy positions! The above is my personal opinion, for reference only. #黄金