4.22 Gold Morning Outlook

Good morning everyone. Let’s briefly discuss today’s gold price trend in the early session.
Currently, the gold price is around 4743. It opened slightly higher during the day; the early high touched 4747, and the low pulled back to 4715. Overall, it is showing a corrective rebound after a decline.
From the 1-hour timeframe:
• The gold price has returned above the 5- and 10-hour moving averages. A short-term selloff-stopping signal has appeared, and support is forming in the 4720 area.
• The main resistance overhead is around 4753, which is the 20-hour moving average—this is the key dividing level for bulls and bears in the early session.
• The overall moving averages are still arranged in a bearish pattern, and the larger-scale downtrend has not been reversed. What we are seeing now is only a technical rebound after the decline. Do not blindly chase longs.
Trading Reference
If the rebound meets resistance in the 4750-4760 zone, you may attempt short positions, targeting 4730, with a stop-loss set at 4770.
The bias is bearish. For short-term trades, enter and exit quickly, and strictly control risk#黄金