London Gold Spot on April 6th experienced a deep V-shaped reversal, with the Asian session affected by strong U.S. March non-farm payroll data, causing the dollar and U.S. Treasury yields to rise, and gold opening lower to probe down to $4,599.70; after the European session, Middle Eastern geopolitical risk aversion gained momentum, combined with funds entering at the 4,600 level for a bottom-fishing move, leading to a strong rebound in gold prices, which reached a high of $4,680.55, ultimately closing at $4,645.77, up 0.78% for the day.

Technically, the price held above the strong support at 4,600, stabilizing after a short-term decline, with resistance levels at 4,680-4,700 above, and support levels at 4,600-4,590 below. Future focus will be on Federal Reserve speeches and geopolitical developments, with the market oscillating and remaining relatively strong. $XAU ‌#XAU