4.27 Gold Intraday Market Afternoon Poem Yuan's View

Gold gaps down intraday, quickly breaking below 4700 in the early session, touching around 4670 at the lowest point. After the bearish momentum is released, it stops falling and rebounds, currently stabilizing around 4730 with sideways consolidation.

On the 4-hour chart, after a sharp decline in the early session, it quickly recovers, forming a bottoming and rebound pattern. The MACD shows a small bullish crossover with slight expansion, but the daily chart remains under pressure from the middle Bollinger Band. The area between 4740-4770 is a zone of dense trading and psychological resistance, making a breakout difficult.

The KDJ indicator is at mid-high levels with signs of turning downward. During the white trading session, the rebound momentum is insufficient, and after overbought conditions, it is prone to encountering resistance and falling back. Overall, it presents a range-bound pattern of "support at low levels and strong resistance at high levels."

Key Range:
Support at 4670 (early session low, bulls' defense level);
Resistance at 4740-4770 (intraday rebound ceiling, concentrated area for bears).

Short-term suggestion:
Gradually open short positions in the 4735-4750 range, with a stop loss above 4780;
Short-term target at 4680, break below to 4650, and for the wave, watch the 4600 level.