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5.1 Gold Midday Review: Holiday Trading is Light, Gold Prices Fluctuate Narrowly!
On the first day of the May Day holiday, market trading was light, and gold remained in a narrow range of $4,600-$4,635.
At midday, London gold is quoted around $4,615 per ounce, rising briefly then facing resistance and pulling back, with a calm battle between bulls and bears.
• Support: $4,600-$4,610 (central bank gold purchases support the floor, bulls defend).
• Resistance: $4,630-$4,640 (intraday high, short-term resistance).
Trading Suggestions
Short-term range-bound trading, slightly bullish above $4,600, slightly bearish below $4,630, with light positions, quick in and out, strictly controlling risk. #现货黄金 $XAUT