5.6 Afternoon Session Jiangyu Heng Gold Deep Analysis

The U.S.-Iran situation has eased, with the U.S. suspending escort operations through the Strait of Hormuz, leading to a rapid cooling of geopolitical risks. Coupled with a weakening dollar and falling oil prices, gold has surged strongly.

Spot gold has risen over 2.7% intraday, staying above $4,680, hitting a recent new high.

Market Analysis
The daily chart shows a stable bullish trend, with consecutive gains breaking previous highs, and the gold price firmly above the upper Bollinger Band, indicating a strong upward trend.
The 15-minute chart shows continuous short-term gains, with short-term support in the 4650-4660 range, and close attention to whether the 4700 level can be broken in the near term.

Core Logic and Market Outlook
This rally is mainly driven by the easing of geopolitical tensions and market sentiment recovery, along with a weaker dollar. However, there is a possibility of repeated fluctuations, so blindly chasing gains at high levels is not recommended.

In the medium to long term, economic risks, geopolitical instability, and currency fluctuations will continue to enhance the allocation value of gold.

This week’s key focus is on non-farm payroll data, as the results will influence Federal Reserve policy expectations and the dollar’s trend, directly determining the future direction of gold. #黄金