4.13 Gold Morning Outlook



Gold opened with a gap down at the start of the trading session, dropping to test the 4667 level with clear weakness!

The core reason is a triple resonance: the Middle East situation has not escalated, risk aversion sentiment is quickly fading as funds exit; the Federal Reserve remains hawkish, with easing expectations cooling off, and high US Treasury yields continue to suppress gold prices; market risk appetite is warming, diverting funds.

The market directly broke below the key support level of 4700, triggering stop-loss selling pressure that amplified the decline.
In the short term, it remains weak and volatile, with resistance at the 4700 gap above. Focus on the 4610 key support; holding this level is the only chance for a rebound. Trade cautiously and control the pace carefully.
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