April 10, 2026, Spot Gold Evening Analysis

Good evening everyone, today spot gold mostly remained within a range, with prices oscillating around the 4770 resistance and 4730 support levels, with relatively limited volatility.

Tonight will see a flurry of data releases, which could significantly impact the market, potentially amplifying short-term fluctuations. Be sure to implement risk management and defensive measures when entering the market.

As the weekend approaches, the risk of profit-taking and exiting positions clearly increases, so it’s important to anticipate a potential pullback after a rally. Short-term resistance levels to watch are 4770, with strong resistance at yesterday’s high of 4800; short-term support is at 4730, with strong support at 4700.

Considering the heavy data schedule on Friday and the expectation of profit-taking exits, trading strategies can rely on the 4730–4800 range resistance to adopt a short-selling approach. The initial target is 4730; if this level is broken effectively, the next targets could be 4700 and 4660.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s layout at Shipan for specific strategies!! $XAU ‌#XAU