Gold Analysis 2026/04/02

【Yesterday's daily chart】

Bullish candle

【Outlook】

Daily uptrend (though approaching halfway point)

4-hour uptrend

1-hour uptrend

【Impression】

・Daily chart

Since it is hitting the middle, be cautious of price movements around this area.

If a reversal occurs, wait for a chart pattern with an outside move on the 4-hour chart

・4-hour

Overcoming the WB neckline suggests a rise toward nearly 5100 at most

Considering that it is hitting the 200 EMA and the retracement hasn't occurred yet, there is a possibility of a downturn, but due to strong upward price action, the short-term outlook remains bullish

・1-hour

200 EMA has been surpassed and a three-MA PO occurred

We would like to see a pullback to around 4630–4600, which would be a failed breakout by sellers

【Key price levels】

4973

4811

4741

4600