Gold Analysis on 2026/04/22

【Daily chart】

It was a long lower shadow bearish candle

There is a potential for a considerable rebound since the middle is turning upward, but since the previous day’s low is also being broken, the outlook is bearish.

MACD is in a bearish crossover, so be cautious of a reversal to the upside.

【4-hour chart】

MACD bearish crossover, currently in a band walk, start of MADC and inverted V breached

Based on the above, the outlook is bearish.

【1-hour chart】

Because an outside day occurred in the morning rally, the short-term outlook is bullish.

We will watch whether the starting point around 4668 is broken downward or wait for a bearish outside day at the resistance band.

【Sell defense lines】

4833

4770

4750

【Buy defense lines】

4731

4719

4668