5.1 Laosi Morning Gold Trading Ideas Sharing



Good morning, everyone. Today is Labor Day, May 1st. First, I wish everyone a happy holiday!

Let's look at the real-time market. This morning, international spot gold opened with a gap up, soaring from around 4560 last night. It is currently holding above 4620. This wave of increase is actually easy to understand. On one hand, the market has been worried about the Federal Reserve delaying interest rate cuts and the strengthening of the US dollar, which are negative factors. These concerns have mostly been digested, and the selling pressure from bears has clearly slowed down; on the other hand, recent risk aversion in the Middle East has increased, and both the US dollar and US bond yields have fallen, providing sufficient momentum for gold prices to rise. Gold has also successfully broken through the key 4600 level from a low of 4510.

Trading suggestion: Pull back to 4590-4610 for steady low buy, stop loss below 4580, target 4640-4670, break through to see 4700#黄金 #现货黄金 $XAUT
XAUT0.72%
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