MetalHandler

On Monday, gold habitually opens lower again, and in recent weeks, this has been the script—opening low on Monday, then gradually stabilizing and rebounding, almost a fixed pattern now.
Today’s thinking is very clear:
The resistance above is at 4740—4780. Until it breaks through, it remains sideways consolidation.
The key support below is at 4680—4640. As long as this range is not effectively broken downward, there's no need to panic and expect a sharp drop to 4550.
Last week’s market trend was very obvious; the main force was just oscillating and shaking out traders, pulling back and forth.
T

4.26 Spot Gold (XAU/USD) Next Week Market Outlook
Gold connects the rebound highs on April 21, 23, and 25 to form a descending resistance line, with prices repeatedly hitting this line and being pushed back, confirming the downward trend.
The 1-hour chart shows a typical descending structure with lower highs and lower lows.
The current trend has not formed reversal patterns such as a W bottom or double bottom, only a single bottom structure without a secondary bottom confirmation, and the price has not broken through the 4750 neckline.
At the same time, no ascending channel has formed; the reb

Next week's key major event in the gold market—Thursday at 2:00 AM Federal Reserve interest rate decision!
On April 30th, the Federal Reserve FOMC interest rate decision + Powell's press conference will directly determine whether gold prices can break the current consolidation deadlock and establish a true trending market.
Currently, the market has mostly priced in unchanged interest rates, with the real focus of the game on the hawkish or dovish tone of the policy language:
• If a hawkish signal indicating persistent inflation and delaying rate cuts is released, gold is likely to face downwar