Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
May 4th Morning Gold Analysis by Xiao Yue
From the one-hour chart, gold has directly started a sharp decline, with a clear bearish candle appearing around 6 a.m., and then the price continued to fall steadily, reaching a low of about 4595.
Currently, the gold price is at 4609. After a previous rally to a high of 4652, it quickly reversed and fell back, breaking below the key support at the Bollinger middle band of 4620. The bullish momentum has instantly weakened. The technical indicators have already formed a death cross, and the signal of a high-level pullback is very clear. The support around 4605 is now shaky; if it cannot hold, the downward space will further open up.
Trading suggestions:
Focus on the resistance level of 4600 and the support level of 4500, mainly look for rebounds to buy.