4.15 Gold fluctuated upward, surpassing 4800, a correction is inevitable after a sharp rise

From a technical perspective, yesterday’s daily candle closed as a small bullish candle, with the Bollinger Bands showing a narrowing pattern, indicating the price is at a critical window for direction choice; the KDJ indicator experienced a golden cross with continuous volume expansion, the MACD fast line remains above the slow line, and the red momentum bars are gradually expanding, suggesting that the bullish momentum on the daily chart continues to accumulate.

Looking at the 4-hour trend, the MA5/MA10/MA20 moving averages are arranged in a complete bullish alignment, with all three lines diverging upward simultaneously, and the price is steadily supported by the MA5 line, indicating a clear and strong short-term bullish trend; the KDJ lines are rising together, with the J value breaking above 100 into the overbought zone, demonstrating extremely vigorous bullish momentum, while also signaling a technical correction; the RSI short-term indicator has entered a serious overbought zone, further confirming the need for a short-term correction and repair.

The 1-hour cycle and the 4-hour cycle are resonating bullishly, with the moving average system also in a bullish arrangement, and the KDJ and RSI indicators are simultaneously in the overbought zone, confirming the validity of the short-term upward trend from a dual perspective. The core risk still comes from the correction pressure after overbought conditions. Key resistance above is around the previous high at 4850, while support focuses on the 4750-4760 zone. After a sharp rise, a correction is inevitable; overnight trading should mainly adopt a short-selling approach, being cautious of a pullback after rising.

Gold trading strategy: Rebound to 4840-4850, gradually open short positions, stop loss at 4865, target 4780

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