Gold Trading Strategy Analysis: April 14

As shown in the picture:

Gold prices are currently on an upward trend in the range of $4,700-4,800. The main strategy is to buy low in the $4740-$4750 range; avoid trying to reach prices above $4,800.

We recommend waiting for clearer signals from the talks on April 16 before making any decisions on market direction, as continued progress in US-Iran negotiations remains the most important factor.

According to our analysis yesterday:

1: As long as the gold price remains above $4,700, it is recommended to buy when the price falls.

2: As long as the gold price remains below $4,800, it is recommended to sell on highs.

Yesterday, we once again guided community members to conduct accurate transactions and achieved profits of more than 500 points. We entered short positions at high levels twice and achieved perfect intraday trading results.

Whether the next round of negotiations will continue as scheduled on Wednesday (April 16) and the overall direction of the negotiations will directly affect the recent trend of gold prices.

If negotiations make significant progress, the risk margin could fall further.

If negotiations break down or the conflict escalates, gold prices are expected to exceed $4,800.

In addition, any statements from Fed officials about future interest rate trends could lead to short-term volatility; whether oil prices can stabilize at $95 will also affect inflation expectations.

Main technical level:

The upper resistance level is located at $4776 (the highest level recorded this morning).

If this level is exceeded, the next targets are $4,790 and $4,800.

There is strong resistance in the range of $4800 to $4820.

Initial support is located at $4,741. If this level is exceeded, the market will later test the $4720 and $4704 levels; while strong support lies in the range of $4650 to $4630.

Overall, gold prices are currently trading in the range of $4,700 to $4,800, showing an upward trend. On the 4-hour chart, current price action is approaching the edge of this range, indicating that a directional breakout is imminent.

Day trading strategies:

**Main strategy: Buy on dips. ** After ensuring price stability, focus on establishing buy positions in the $4740 to $4750 range. Set a profit target between $4,780 and $4,800 and a stop loss below $4,720.

**Sell on the Rise (Secondary Strategy):** If gold rebounds into the $4800-$4820 range and starts to show signs of stalling, consider opening a small short position. Set the price target in the $4,760-4,770 range and place a stop-loss order above $4,835.

**Breakout Trading Strategy:** If the price breaks $4820 and remains above it, close all short positions. Then open a small buying position with a target price in the range of $4850-4880.

Conversely, if the price falls below $4,700, close all long positions. Then open a small selling position with a target price in the range of $4650-4670.

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