5.7 Morning Gold Strategy Sharing by Laosi

News: The US-Iran negotiations have made positive progress, with Trump’s side suspending actions related to the Strait of Hormuz. Market risk aversion sentiment is gradually cooling down, oil prices have fallen back, and inflation expectations are stabilizing, providing positive support for gold prices. Future focus should be on international geopolitical developments and related economic data indicators.

Technical: The daily chart shows a large bullish candlestick, successfully breaking through the 4500-4650 USD trading range, forming a W-bottom breakout pattern, with a clear bullish trend; the 4-hour moving averages are arranged in a bullish alignment, maintaining a strong market momentum.

Trading reference: When the price pulls back to the 4650-4660 range, consider a long position strategy, with a stop loss below 4620. Subsequently, pay attention to the price action around 4700, 4720, and 4750 levels. $XAUT