The current price is 4,647.01, down 111.09 points (−2.33%) from the previous trading day, showing a pattern of a rebound followed by a pullback and consolidation.

From a technical perspective, after spiking to 4,699.64, the price experienced a rapid plunge, reaching a low of 4,580.81. It then formed a small platform at the low and began to rebound. Currently, the price has recovered to around 4,647.01. The MACD indicator shows that bullish momentum is accumulating (DIF and DEA are both below the zero line, but the MACD histogram has shifted from negative to positive), indicating short-term stabilization and a rebound.

Considering the market background (April 3, 2026), after experiencing significant volatility in the first quarter, gold prices entered a consolidation phase in early Q2. Although geopolitical risks still support gold prices, a strengthening US dollar and rising real interest rates are exerting downward pressure. The current rebound after a correction may be a technical correction. Watch whether the resistance near 4,660 can be broken; if it can hold steady, further upside is possible. If resistance is encountered and prices fall back, a test of the 4,640 support level may occur again.

For investors, short-term trading should focus on the strength of the rebound and whether key resistance levels are broken. Medium- and long-term strategies should incorporate fundamental factors such as Federal Reserve policy trends and geopolitical developments for comprehensive judgment.