XAUUSD: Market Analysis and Strategy for April 6thGoldOANDA:XAUUSDActuaryJGold Analysis: 4-hour chart resistance: 4700, support: 4532. 1-hour chart resistance: 4670, support: 4600. From the weekly chart, gold rose to $4800 before falling back, but still closed higher on the weekly chart. The 5-day and 10-day moving averages are trending downwards, the TRIX indicator has formed a death cross, and the MACD indicator shows increasing downward momentum, indicating a bearish bias on the weekly chart. Last Thursday, gold fell to $4554 before rebounding, reaching a high of around $4700 during the NY session. The daily chart closed lower, and the KDJ indicator is turning downwards, showing signs of another death cross, indicating a relatively bearish trend. On the 4-hour chart, gold fell back during the Asian session today, bottoming out at $4600 before rebounding. It is currently trading around $4670. The TRIX indicator has formed a death cross, and the MACD fast and slow lines are above the zero line with a downward crossover, and the downward momentum is increasing, indicating a bearish bias. Given the bearish daily chart trend, intraday trading for gold is recommended to focus on selling at resistance levels, with resistance around 4670. Support levels to watch are $4600 and last Thursday's low of $4550. Gold Trading Recommendations: SELL: 4670~4675 SL: 4685 , TP: 4630-4600