4.14 U.S. session gold power buildup must break 4800, where is tonight's shorting opportunity

On the daily chart, the 5-day and 10-day moving averages form a golden cross and diverge upward, with the gold price stabilizing above the middle band of the Bollinger Bands; MACD green bars continue to shrink, the fast and slow lines are about to form a golden cross, RSI indicator rebounds from oversold territory to a neutral to slightly strong zone, bearish momentum gradually diminishes, and bullish strength continues to accumulate.

On the 4-hour chart, the gold price repeatedly tests the 4700-4730 area and stabilizes with rebounds, MACD turns positive and crosses above zero, red momentum bars continue to expand and strengthen; RSI stays around 57, not yet entering overbought territory, leaving room for upward movement. Price corrections have never fallen below the previous oscillation platform's lower boundary, supporting structure remains solid and effective.

On the 1-hour chart, the bullish and bearish patterns complete a switch, with bullish rebounds faster and stronger, lows showing a step-by-step rise, and the short-term bullish structure is clear and definite.

Looking at the current trend, after the price first touched 4796 and pulled back to 4767, it surged again to 4790 and then retreated to 4771; a third rally to 4789 and pullback to 4753. High and low points are gradually rising, and the range is further narrowing and compressing. Repeated testing of the same resistance zone increases the risk of chasing shorts. Therefore, my approach is to temporarily abandon the range trading, even if there is a subsequent pullback, I won't regret missing the initial entry.

During the U.S. session, focus on the key resistance at 4800. If broken effectively, consider adding positions; wait and see at the current oscillation points, and make decisions after the range is clearly broken. Short-term support below is 4750-4760. Only if this area is effectively broken will the short-term pullback have enough momentum. Trading strategy remains mainly short, with long positions as a supplement.

Gold trading strategy: in the rebound zone of 4830-4840, gradually build short positions with stop-loss at 4860, target 4770.

On dips to 4730-4740, go long with stop-loss at 4720, target 4780.

Disclaimer: The above content is for personal ideas and opinions sharing only and does not constitute trading advice.