Gold Analysis 2026/04/23

【Daily】

It was a bullish candlestick with an upper wick.

The long lower wick of the day before yesterday's bearish outside, but there are slight differences between MT4 and MT5, so ...

【4 hours】

If it reverses around here, it will be a WB, but from a chart perspective, I think it natural to expect a bit more downside.

Since the right shoulder of the head-and-shoulders pattern has not been completed yet, I want to pay attention to a potential pullback to the 60MA.

【1 hour】

As long as you stay below the starting point 4668 of the bullish outside, the outlook remains bullish.

Long positions are a counter-trend, so be mindful of selling pressure.

【Defensive line for selling】

4836

4811

4772

【Defensive line for buying】

4720

4707

4668