Analyst: COMEX gold futures have bullish signals on the daily chart for now, or they may challenge the $4800 resistance level

GateNews

2026-04-01 07:02:13

Gate News message: On April 1, RHB Retail Research analyst Joseph Chai said in a report that, based on the daily chart, the bullish momentum in COMEX gold futures may be starting to accelerate again. The analyst noted that gold prices rose for the third consecutive trading day on Tuesday. Chai said the gold price could test the key upper resistance level at $4,800 per ounce. However, he also pointed out that both the 20-day and 50-day simple moving averages are currently trending downward and are forming resistance levels. The current preliminary support level is set at $4,400 per ounce.

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