The current price of gold is long around 2330, with a target of

On Friday (April 26), spot gold fluctuated within a narrow range near the 2330 key. The U.S. first-quarter GDP growth released on Thursday fell short of market expectations, dragging the U.S. dollar index to a nearly two-week low, helping gold prices stay above key support at the middle track of the Bollinger Band.


That's despite U.S. Treasury yields rising after economic data showed signs of stubborn inflation, dampening hopes that the Federal Reserve will cut interest rates soon.


The U.S. GDP growth report disappointed, demand for safe-haven assets increased, and gold prices rebounded.



If gold can hold above $2,350 an ounce, it will move towards the nearest resistance, which is the $2,390 to $2,400 range. However, from last night to now, the price of gold has not been as strong as expected. Gold prices are still fluctuating around 2330.



We have been shorting at 2330 these days, and the profits are also very good. Before the US market opened yesterday, we directly placed short orders for everyone at the current price of 2330. As long as friends can keep up, they can get a stable profit of 15 points. .



Technical support below the hourly chart remains near 2313, and prices have rebounded multiple times when hitting this level. You can refer to the pressure range of 2345-2350 above.



In today's transaction, we first look at the upward continuation. After all, economic data and geopolitical risk aversion have supported gold's upward rebound. Currently, you can go long near 2330, stop loss 2323, and target 2345-2350. If you want to stop the loss, go long at 2313, stop loss at 2304, and take profit at 2330.



Specific operation suggestions (subject to actual price ordering)



Long orders near current price 2330, stop loss 2323, take profit 2345-2350

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