XAUUSD: Market Analysis and Strategy for April 8thGoldOANDA:XAUUSDActuaryJGold Analysis: 4-hour chart resistance: 4915, support: 4607. 1-hour chart resistance: 4858, support: 4788. The US dollar index fell yesterday and continued its decline in Asian trading today, which is relatively bullish for gold. Gold traded in a volatile upward trend during the Asian and European sessions yesterday, rising to $4694 in European trading before falling back. In US trading, gold fell to $4607 before rebounding. The daily chart closed higher, with the 5-day and 10-day moving averages trending upwards. The TRIX and KDJ indicators have formed a golden cross, and the accompanying indicators are turning upwards. The MACD indicator's fast and slow lines are below the zero line, but the crossover is pointing upwards, and the upward momentum bars are expanding, indicating a bullish trend on the daily chart. On the hourly chart, gold opened sharply higher in Asian trading, reaching $4858 before falling back. It is currently trading around $4800. The KDJ indicator shows overbought conditions and is likely to form a high-level death cross. The MACD indicator shows expanding upward momentum bars. Gold is likely to experience a pullback before rising again during the Asian and European sessions. Given the bullish trend on the daily chart, intraday trading for gold is recommended to buy on dips to support levels. Selling should be done only with quick entries and exits. Support is seen at $4761, while resistance is seen at the Asian session high of $4857. Gold Trading Strategy: Recent volatility has been high; a more conservative approach is to wait for key entry points. BUY: 4761~4666 SL: 4752, TP: 4790-4810 SELL: 4862~4867 SL: 4875, TP: 4830-4810