XAUUSD: Market Analysis and Strategy for April 7thGoldOANDA:XAUUSDActuaryJGold Analysis: 4-hour chart resistance: 4706, support: 4600. 1-hour chart resistance: 4664, support: 4616. Gold fluctuated upwards yesterday, reaching a high of $4706 in the European session before pulling back to close at $4649. The daily chart shows a doji candlestick, the 5-day moving average is trending upwards, the TRIX indicator has a golden cross, and the MACD indicator's fast and slow lines are running below the zero line, but the crossover is pointing upwards, indicating a relatively bullish daily trend with potential to retest the daily middle Bollinger Band. On the hourly chart, gold rose in the Asian session but was resisted by the middle Bollinger Band and pulled back, currently trading around $4650. The 5-day and 10-day moving averages are trending downwards, the TRIX indicator has a death cross, and the MACD indicator's downward momentum bars are expanding, indicating a short-term bearish trend. Based on the daily chart, the intraday trading strategy for gold is to primarily buy on dips to support levels, followed by a scalping strategy. Support is seen at the $4600 level, while resistance is at the 4-hour Bollinger Band middle line around $4673. Gold Trading Strategy: BUY: 4610~4615 SL: 4600 , TP: 4640-4650 SELL: 4672~4677 SL: 4685 , TP: 4640-4620