2026-04-09 02:56:57

Spot Gold XAU Market Analysis

Gold prices surged to 4856 yesterday, then pulled back sharply. In the early session, they were consolidating and ranging around 4715. Bullish momentum has clearly weakened, and the sell-off pressure at higher levels has significantly increased, establishing a short-term bearish pattern.
In terms of fundamentals, the Middle East ceasefire has cooled risk-aversion sentiment. Combined with the Fed’s hawkish remarks and a strengthening dollar, profit-taking at high levels has accelerated. This rebound has essentially ended, and the structure has officially turned bearish. For intraday trading, focus on selling at higher levels.
Trading Recommendations
Sell in stages within the rebound range of 4760–4790, with targets at 4580–4550

XAUT-1.62%

BTC-1%

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