5.7 Morning Gold Market Analysis - Shiyuan's Perspective

Currently, gold prices have stabilized above the previous consolidation range, and the moving average system remains in a bullish pattern. Although the short-term upward momentum has slowed, the overall bullish trend has not changed, and a steady upward approach should be maintained.

Direction reference:
In case of a pullback, focus on support in the 4695–4700 range. If it stabilizes, consider a bullish outlook, targeting the 4717–4720 area. After breaking through, the target can be up to 4750;
If the market surges directly without breaking the previous high of 4717, cautiously view short-term corrections at resistance levels, and watch for a retracement to repair space.