5.1 Gold Morning Market Analysis:

The Federal Reserve has recently issued multiple hawkish policy signals, and market expectations that high interest rates will be maintained for a long time continue to heat up, driving the US dollar index and US Treasury yields to fluctuate repeatedly, which has temporarily suppressed gold prices. Although current inflation data is gradually declining, leaving some room for future monetary policy adjustments, the short-term pressure from high interest rates on holding costs still limits the upward potential of gold.

However, the current gold rebound has officially begun. From the hourly chart, the 4670-4680 range is the core cost pressure level for the bears. After yesterday’s price retested the neckline support, today’s early trading opened high and moved strongly, fully confirming that the bullish trend is now dominant.

At this stage, do not blindly guess the top or trade against the trend to buy the top; shorting against the trend will only be counterproductive. The safest current strategy is to follow the trend and buy.

Trading suggestion: Buy in stages on the pullback to the 4610-4580 range, with the initial target at 4660-4680. After breaking through, it can continue to rise toward around 4800! #黄金 $XAUT