📌 GOLD PRICE FORECAST PLAN FOR 11.04.2026
Gold price movements:
- In yesterday's trading session, the gold price experienced a fairly good recovery, mainly due to the weakening of the USD. The price at one point approached the area of 4800 USD/ounce, however, profit-taking pressure appeared causing the market to adjust back.
- In this morning session, the price is fluctuating around the area of 4760 – 4765, indicating that after the strong increase earlier, the market is entering a light adjustment phase and stabilizing.
- On the H1 frame, after forming an upward movement from the 4610 zone to nearly 4800, the price is currently showing signs of stagnation and creating lower highs in the short term. This indicates that buying power is still present but is gradually weakening, while selling pressure is starting to appear at higher price zones.
- The price is currently moving around the short-term EMA area, indicating that the market has not really chosen a clear direction and is in a state of indecision before the important news release.
- With the current context, the strategy for the day will prioritize observing the price reaction at the support zones below, as if the structure holds, the market may continue to rebound.
🔘 Zone 1: around 4610 – 4590. This is the nearest support zone of the market and is also the price area where the previous upward movement began. If the price adjusts back here and holds steady, the chance of a rebound is quite high.
🔘 Zone 2: around 4660 – 4640. This is an intermediate support zone. In case the price decreases back here first, the market's reaction will need to be monitored to assess buying power.
- On the contrary, the resistance zones to pay attention to include:
🔘 Zone 1: around 4800 – 4820. This is the nearest resistance zone, where the price reacted in the previous session. If the market returns to this area, the likelihood of selling pressure is relatively high.
🔘 Zone 2: around 4850 – 4870. This is a stronger resistance area above, and also the nearest peak in the current structure.
- Regarding the fundamental factors, the gold price is being supported by a weak USD, but is still influenced by geopolitical factors in the Middle East as the ceasefire agreement between the US and Iran still carries many risks.
- The minutes from the Fed's March meeting indicate that some viewpoints lean towards the possibility of maintaining high interest rates for longer, which somewhat limits the short-term increase in gold.
‼️ Tonight, the market will welcome the US CPI data at 19:30, which is one of the most important reports related to inflation. The gold price may experience strong fluctuations during and after the announcement, so risk management and control of trading volume should still be prioritized.
➡️ Short-term reference strategy:
🟢 Price area may reverse downwards.
🔽 Resistance zone: 4800 - 4820, 4850 - 4870.
🟢 Price area may reverse upwards.
🔼 Support zone: 4710 - 4590, 4660 - 4640.
🔴 The above is my personal opinion, the information is for reference only.
👉 Recommendation to cut losses from 5–10 points, depending on the market entry point and the risk tolerance of you.
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