Gold analysis on 2026/04/20

As you can see, the downside is strong

【Daily Chart】

From a bullish-looking shadow above the mid-term MA, it’s falling, so even if there’s some rebound, today’s move is expected to be downward-strong.

In the long term it should be bought, so I’m not sure about a brain-dead short, though.

MACD is in the GC stage, but it remains to be seen whether it will DC again here.

There is also a real possibility of a parallel line.

【4-Hour Chart】

Opened with a big gap and started below the mid-term MA.

The mid-term MA on the 4-hour chart is a starting point for a low rebound and a MA with multiple instances of regularity, so today’s breakout whether it breaks below this body will be the turning point.

【1-Hour Chart】

Not much different from the 4-hour chart.

MACD is starting to DC, but MA hasn’t DC yet, so it might not be the stage to decisively lean downward as of this morning?

However, since the latest push has broken below it, if you compare by the body, the outlook is bearish regardless of the MA status.

【Defensive Sell Lines】

4842

4828

4767–4800

【Defensive Buy Lines】

4721

4692

4645