XAU XAG Gold and Silver Market Analysis April 14, 2026.04 At present, precious metal investors still have hope for continued negotiations between the US and Iran, and short-term risk aversion has eased; However, the unstable situation in the Strait of Hormuz has led to an increase in inflation risks, limiting the decline of the US dollar and suppressing further upward momentum for precious metals. From today's international spot order chart: The long and short positions in gold are relatively balanced, with multiple high concentration areas of short positions above (potential resistance) and multiple high concentration areas below (potential support), indicating a rebound and entering the game stage. Compared to gold, silver has more concentrated short and pending orders above its current price, with significantly heavier selling pressure. From a technical perspective: Since March 23rd, both gold and silver have been experiencing a rebound trend, with gold having a stronger rebound and silver having a weaker rebound. Next, pay attention to the blue pressure range shown in the chart for gold. If it cannot break through this range, 4858 may become the endpoint of the rebound. Even if it breaks through this range, gold is already in the final stage of the rebound. After finding the endpoint of the rebound in the first red range above, it will still begin to retrace. After the retracement is over, it is a good opportunity to go long (assuming 4100 as the stage low point) After the rebound of silver starting from March 23rd, there is a higher probability that it will fall below its previous low compared to gold, and there will be good short selling opportunities after finding the rebound endpoint in the near future.