5.1 Gold Morning Analysis



The Federal Reserve's hawkish stance remains unchanged, with the market expecting high interest rates to persist long-term. The US dollar and US bonds continue to fluctuate, and gold prices remain under short-term pressure. The slow decline in inflation, while paving the way for future rate cuts, still constrains the upward momentum of gold in the current high-interest-rate environment.

In terms of market trend, the rebound in gold has taken shape, with the 4670-4680 level on the hourly chart serving as a key resistance zone. Yesterday's test of support was successful, and the market opened higher and surged, showing a clear bullish advantage.

Operate in line with the trend, avoid shorting against the trend to catch the top, and mitigate loss risks. It is recommended to buy in batches within the 4580-4610 range on pullbacks, with a short-term target of 4680. After a successful breakout, aim for the high of 4800.
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