#美国初请失业金人数升至20.6万 9April 4, Spot Gold Morning Analysis
Last night, the week’s initial jobless claims data was favorable for gold. Price action strengthened directly, surged rapidly, and reached a high of 4510 before facing pressure and pulling back. During the morning session, price maintained a high-level sideways consolidation pattern.
The overall bearish structure for the larger cycle has not been broken. At higher levels, the market appears lackluster and struggling to push further. Bullish momentum is gradually weakening. In addition, major evening data—especially Non-Farm Payrolls (NFP)—is approaching, and the market is filled with a wait-and-see sentiment. There is ample room for pressure above. In the morning, the overall priority is to follow the trend by executing the idea of selling rallies with rebounds.
After a bullish daily candle rebound, price has reached a prior resistance zone. Bullish volume is gradually diminishing, and heavy profit-taking has accumulated at higher levels. The need for a technical pullback continues to build. On the shorter timeframes (hourly and four-hour), the upward slope is slowing down. Multiple attempts to break higher failed, and pressure signals are becoming increasingly apparent.
For intraday trading, overall maintain the approach of primarily selling rallies. It is suggested that after a rebound, set short positions with pressure around the 4505–4525 resistance zone. Targets are at 4475 and 4450. Strictly control position size, ensure risk management, and wait for the NFP release to provide further direction.
The above content is for reference only for market discussion and does not constitute investment advice. Gold prices are highly volatile, and real-time conditions can change rapidly. When trading, be sure to manage risk.$XAU
#美国初请失业金人数升至20.6万
Last night, the week’s initial jobless claims data was favorable for gold. Price action strengthened directly, surged rapidly, and reached a high of 4510 before facing pressure and pulling back. During the morning session, price maintained a high-level sideways consolidation pattern.
The overall bearish structure for the larger cycle has not been broken. At higher levels, the market appears lackluster and struggling to push further. Bullish momentum is gradually weakening. In addition, major evening data—especially Non-Farm Payrolls (NFP)—is approaching, and the market is filled with a wait-and-see sentiment. There is ample room for pressure above. In the morning, the overall priority is to follow the trend by executing the idea of selling rallies with rebounds.
After a bullish daily candle rebound, price has reached a prior resistance zone. Bullish volume is gradually diminishing, and heavy profit-taking has accumulated at higher levels. The need for a technical pullback continues to build. On the shorter timeframes (hourly and four-hour), the upward slope is slowing down. Multiple attempts to break higher failed, and pressure signals are becoming increasingly apparent.
For intraday trading, overall maintain the approach of primarily selling rallies. It is suggested that after a rebound, set short positions with pressure around the 4505–4525 resistance zone. Targets are at 4475 and 4450. Strictly control position size, ensure risk management, and wait for the NFP release to provide further direction.
The above content is for reference only for market discussion and does not constitute investment advice. Gold prices are highly volatile, and real-time conditions can change rapidly. When trading, be sure to manage risk.$XAU
#美国初请失业金人数升至20.6万