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April 21 Spot Gold (XAU/USD) Morning Outlook
The bullish trend for gold remains strong, with high-level fluctuations not altering the upward trend. Geopolitical safe-haven sentiment continues to intensify, providing solid support for gold prices.
Currently, the price has slightly retraced, which is a normal correction after breaking through a key zone, and has not fallen below the critical support area of 4800-4810, nor has a reversal to the downside been signaled.
In the short-term technical outlook, the bullish pattern remains intact, with both highs and lows rising in sync. Trading-wise, it

Morning Gold Analysis #黄金
Yesterday, gold opened at 4790.3 in the morning session, and after the open, the bulls immediately gained momentum and pushed higher, with the price rising to around 4839, encountering strong resistance and beginning to fall back. During the session, the lowest point was 4772, which is a key support level, after which it entered a volatile consolidation trend, ultimately closing at 4789.7. The daily chart shows a long upper shadow pattern, clearly indicating heavy selling pressure above, and the short-term market overall remains under pressure.
Today's trading idea:

Today’s short-term 13 trades, only one small pullback, capturing both longs and shorts back and forth! Achieved nearly 14,000 profit in a single day.
Thursday’s gold market is a range-bound market between 4795 and 4835, with oscillations. Don’t chase the highs or panic sell the lows; trade within the range. The key is not to hold heavy positions without steady support at critical levels, and to set good stop-losses to lock in profits—that’s the way to go. #黄金

4.16 Laowu Evening Commentary
The long-term bullish trend in the larger cycle remains intact, and there has been no effective breakdown. The current high-level consolidation is part of the rally’s continuation—building up strength.
From the news perspective, the Fed’s rate cut expectations remain stable, the US dollar trend is relatively weak, and liquidity easing expectations continue. This provides positive support for gold prices in the medium and long term.
Pullback and go long (main strategy)
1. Buy when price consolidates after falling to 4810-4815. Set a stop loss below 4805. Target 483

Spot gold bullish ascending triangle pattern officially formed! Support at $4800 remains solid, resistance at $4850 continues to weaken, and in the short term, stabilization suggests an upward space of $4850-$4900.
The real ultimate test is locking in the $5000 level; multiple historical tests have failed. Whether this time can complete the critical reversal from "resistance to support" will directly determine if this round of market is a short-term rebound or a long-term bull market. The battle between bulls and bears is imminent! #黄金