Gold Analysis (April 20-24, 2026): Bullish Momentum Near 4900 – Key Scenarios

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Market Overview:
Gold is showing a strong bullish trend for the third consecutive week, approaching the 4900 level. Buying momentum is dominant, but the market is entering a sensitive phase that may determine the next major move.
Current Strategy:
After three weeks of gains, it is advisable to temporarily pause new buy orders and wait for either a price correction to better entry levels or potential selling opportunities from high resistance zones.
Key Technical Levels:Resistance Levels (Targets) Support Levels (Floors)
4912 4700
5005 4630
5097 4560
5178 4

Expected Scenarios for the Week:

Bearish Scenario (Selling Zones):

Zones: (4940 – 5010) and (5080 – 5130).

Action: Monitor price action at these major resistance levels. Look for reversal signals before building gradual short positions.

Bullish Scenario (Buying Zones):

Zones: (4555 – 4485) and (4390 – 4310).

Action: These are strong support areas. If the price dips here and shows positive signals, it could be an excellent opportunity for medium-term buys.

Alternative Scenario:

A clear daily close above 5130 would indicate a complete trend shift, opening the door for even higher record levels.

Conclusion:

With high volatility, focus on clear candle closes at the mentioned levels. Avoid random entries during fast market movements.

Disclaimer: This analysis is for educational purposes only and not direct finacial Trading involves significant risk to your capital."



Full Report Source: Senara News & Diamond Capital.

Analysis provided by Diamond Capital Team
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