May 4th Gold Morning Analysis



I. Influencing Factors

1. Geopolitical Situation: Middle East conflict temporarily eased, Red Sea risk reduced, safe-haven sentiment declines, gold price loses upward momentum.

2. US Dollar and Interest Rates: Fed hawkish stance, rate cut expectations delayed, US Treasury yields and the dollar strengthen, suppressing gold prices.

3. Capital Flow: Gold ETFs are being reduced, bullish funds are exiting; central bank gold purchases only provide long-term support, difficult to change the short-term trend.

II. Technical Analysis

• Daily Chart: Break below the consolidation platform, moving averages in a bearish alignment, MACD and RSI showing weakness, with room below.

• 4-Hour Chart: Low-level sideways consolidation indicating a correction within a downtrend, Bollinger Bands opening downward, short-term rebounds are only for correction, not reversal.

III. Trading Strategy

Short at 4630-4650 on rebound, stop-loss at 4665, targets at 4600, 4580, 4560. #黄金 #WCTC交易王PK $BTC $XAUT
BTC-0.08%
XAUT0.21%
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