# x$XAU

April 7, 2026 Spot Gold Morning Analysis
Yesterday, spot gold overall saw a pattern of opening lower and then moving higher. During the session, it briefly probed down to around the 4600 level, then rallied and touched the 4706 area, with a daily gain of nearly 100 points. Last Friday’s non-farm payroll data was strong, and combined with the market’s prior holiday closure buffer, bearish sentiment had already been fully absorbed, with the downward pressure on the price action greatly reduced.

From the 1-hour and 4-hour cycle charts, the gold price is still trading within the lower-band range