April 10, 2026 Spot Gold Morning Analysis

Good morning everyone, a new day, a new beginning, a new layout.

After yesterday’s gold price probed the low of 4699, it stabilized and rebounded. It reached a high of 4800, then met resistance and fell back. Currently, it is maintaining a high-level consolidation around 4765.

The current daily timeframe’s bullish structure is still intact. The 1-hour and 4-hour moving averages are running with a bullish bias, but the RSI indicator is at a high level, meaning there is a need for short-term correction.

For short-term support below, watch 4730, while strong support is at 4700. For short-term resistance above, it is at 4800. After breaking through, it can further test the 4830 strong pressure level.

In terms of trading, it is recommended to build long positions in batches based on support at 4730 and strong support at 4700. First, watch the resistance at 4800. If there is a significant news trigger causing a breakdown, it may continue to move toward the 4800 and 4900 target levels.

The above is only personal advice for reference and does not constitute investment guidance. Please refer to Cheng Jingsheng Shipan’s layout for details！！$XAU ‌#XAU