5.1 Gold Intraday Market Analysis and Outlook

Currently, the market has fully digested the negative factors of the Federal Reserve maintaining high interest rates and the postponement of rate cut expectations. Market sentiment is gradually improving, coupled with the ongoing rise in Middle Eastern geopolitical risk aversion, the US dollar index, and US Treasury yields all falling simultaneously. The convergence of multiple positive factors has driven gold prices to rebound strongly, effectively easing previous bearish pressure, and bullish sentiment in the market is gradually recovering.

From a short-term technical perspective, gold prices have surged strongly from the low of 4510, successfully stabilizing above the 4600 level. The short-term trend shows a clear bullish pattern, but with continuous upward movement, various technical indicators have entered overbought territory. At this point, chasing long positions directly carries higher risk, so avoid blindly buying at high levels.

Key intraday price levels are clearly defined: resistance focus is on the 4630-4650 range above, with further strong resistance at 4680-4700; support in the short term is centered around the 4590-4600 level, with secondary support at 4560-4570.

Dandan's suggestion: If gold prices stabilize after pulling back to the 4590-4610 support zone, consider gradually accumulating long positions in batches, targeting above 4650, and seize the rebound opportunities within the range.