Gold Yo-Yo Continues – Watching 4770 Support

Apr 20

Last week, after a down gap and an initial recovery, Gold ranged for most of the week, only to explode to the upside on Friday driven by geopolitical news.

However, just a few hours after the market closed, that “news” reversed, and as expected, the Asian session opened with a gap to the downside — continuing this yo-yo pattern that is becoming more and more common.

📊 The Question

So now the question is:

Will Gold follow the same pattern as last week?

📉 Market Context

Looking back:
- Last week also started with a strong gap down
- Price filled the gap, found support around 4700
- Then moved higher over the next 48 hours

If we translate this behavior to the current situation:
- We could expect support forming around 4770
- Followed by a move higher toward the 4900 zone

📌 Perspective

Of course, this is a conditional scenario, and in the current environment, things can change very quickly — sometimes within hours.

Still, the pattern is there, and worth keeping in mind.

🚀 Final Thought

Same market, same behavior… maybe.

Watch the reaction at support — that’s where the answer is. 🚀

Apr 20

Trade active

Gold reversed from 4770 zone and now just filled the gap.
As said, let's see if it respects the pattern from last week

Apr 21

Trade closed manually