Gold rises, watch for a pullback near 4,820GoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: Global gold prices on April 8, 2026 continue their strong upward momentum after rebounding from the 4,630 area, currently trading around 4,800 USD/oz. The rally is mainly driven by a weaker USD and increased safe-haven demand. However, as price approaches the short-term peak zone, profit-taking pressure is starting to appear, causing strong intraday volatility. 📉 Technical Analysis: • Key Resistance: • 4,820 – 4,830 • 4,850 – 4,870 • Nearest Support: • 4,770 – 4,760 • 4,730 – 4,710 • EMA: Price remains above EMA 09 → short-term trend is still bullish, but the range is expanding and consolidation may be needed. • Candlestick / Volume / Momentum: • Long upper wicks appear around 4,820 → sign of short-term profit taking • Volume increased during the previous rally but is now gradually decreasing • Momentum remains positive with no clear reversal signal yet 📌 Outlook: Gold may continue rising in the short term if it holds above 4,770, but a quick pullback could occur if price breaks below 4,760. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD: 4,825 – 4,830 🎯 TP: 40 / 80 / 200 pips ❌ SL: 4,834 🔺 BUY XAU/USD: 4,763 – 4,760 🎯 TP: 40 / 80 / 200 pips ❌ SL: 4,757