4.21 Old Four Gold Morning Analysis:

Yesterday’s gold during the daytime session was consolidating with a slight upward bias. After stabilizing around the 4737 area, it gradually rose, and the current price is running around 4820. The Bollinger Bands on the chart continue to tighten; price repeatedly pulls and pushes around the middle band. The tug-of-war between bulls and bears is becoming increasingly locked in, and the market is quietly waiting for tonight’s directional guidance.

Ongoing uncertainty in the Middle East continues to provide safe-haven support for gold, and combined with a slight pullback in the US dollar, it brings some upward momentum to gold prices. However, the market remains cautious about Federal Reserve policy, which to a certain extent limits the room for a gold price rebound.

At present, the upper Bollinger Band pressure is 4833, the middle band is 4825, and the lower band support is 4799. Gold is staying close to the upper pressure level, but it has not been able to achieve an effective breakout, making short-term downward-pressure characteristics obvious. When the Bollinger Bands tighten, it often indicates that a one-sided move is about to begin—so focus on the direction in which the bands open tonight.

Pull back to around 4810–4790 to go long on Dan?
Target around 4840–4890. #现货黄金 #黄金