April 22nd Gold Morning Outlook

The gold consolidation phase has ended, with support at low levels remaining solid, and a clear trend of stabilization and rebound. Overall, the main strategy for the day is to maintain a low-buying approach.
Overnight, gold prices quickly declined to release negative sentiment, stopping at the strong support level of 4668 and rebounding, returning to the 4730 range for oscillation. Technical patterns across various timeframes are repairing their turning points, with the long lower shadow on the daily chart solidifying the bottom.
Negative news has been gradually digested, the US dollar is showing weakness in its upward movement, and combined with geopolitical risks and ongoing central bank gold purchases, these factors strongly support the gold price.
Solid support is found at 4680-4700 below, with phased accumulation of long positions on pullbacks. Watch for rebound targets around 4760 to 4800 above.
In a volatile market, strictly control position sizes, avoid chasing highs, strictly adhere to stop-losses, and rationally seize swing trading opportunities. #黄金 $XAUUSD