Gold Analysis 2026/04/17

Yesterday's daily chart showed a shooting star on the downside.

Since it is a bearish candle followed by a shooting star, the impression is that selling pressure is strong.

【4-hour chart】

We are in an uptrend according to the Ichimoku system.

As long as we stay above the alined area around the 60-period moving average that shows regularity, the outlook is bullish, but breaking below this level in real body terms would make a buying outlook very difficult.

First, we should watch the area near 4773 for battle.

【1-hour chart】

Since the daily is a bearish candle, it may be wise to align with the daily direction here.

With a relatively large W% on the neckline, it might not be too late to wait for a break below this point.

MACD is breaking the zero line, so the initial impression is bearish.

【Sell defense lines】

4837

4812

4805

4797

【Buy defense lines】

4773

4748

4733