April 17, 2026 Spot Gold Morning Analysis



Good morning! Today’s spot gold opened under pressure and fluctuated, currently trading around 4794, repeatedly hovering around the 4800 level, with bulls and bears temporarily at a standstill.

The 4-hour Bollinger Bands are gradually narrowing, the daily chart shows a rebound followed by a pullback with a long upper shadow, the MACD red histogram continues to shrink, and the RSI has fallen back from overbought territory, indicating the market is entering a high-level correction phase. In the short term, the resistance zone is between 4810-4835, while 4770-4750 is a key support level.

Operationally, it is recommended to short in batches after a rebound to the resistance zone of 4810-4835, with targets sequentially at 4780 and 4750.

The above is for personal reference only and does not constitute investment advice. Please follow Cheng Jingsheng’s layout for specific strategies! $XAU #XAU
XAU-0,82%
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