Gold Analysis 2026/04/06

Today we are starting with an open window

Friday's daily chart showed a long lower wick with a bearish shadow

Because the body of Thursday's bullish candle has not been broken, there is also a possibility that today will end with a lower wick, butgiven the drop from the 50% Fibonacci level, many traders may be aiming for a short position.

【Perspective】

Daily, 4-hour, and 1-hour all show a downward trend

【Sell scenario】

Short-term trend following from the break of 4593.

Sell from horizontal levels at 4684, 4742, etc.

【Buy scenario】

4593 rebound buy (until the 4-hour upward Dow breaks)

【Key price ranges】

4742

4684

4593

4500