Gold Morning Market Outlook

News: The situation in the Middle East is gradually easing and stabilizing, the US dollar index continues to weaken, and expectations for Federal Reserve rate cuts are rising. The market's dual benefits of risk aversion and rate cuts are resonating, significantly boosting gold prices. Overnight, gold prices surged sharply, with bullish sentiment fully recovering, and the overall favorable pattern remains unchanged in the short term.

Technical: The daily chart successfully broke through the short-term moving average resistance, completely reversing the previous weak oscillation, forming a W-bottom structure, and officially establishing a bullish trend. In the morning, it consolidated in the high zone, which is a normal pause after a large rally, not a sign of weakening upward momentum. Support levels below are solid, buying interest is strong, and pullbacks are opportunities for low-cost entry. There is still room for further upward movement.

Short-term fluctuations at high levels are part of a shakeout and redistribution; avoid blindly chasing highs. Be patient and wait for support to stabilize before following the trend, confidently capturing the wave of upward movement.

Trading Suggestions
Buy in batches at 4680-4690

Target
4730-4780

Based on positive news and strong technical resonance, maintain a steady rhythm
Wait patiently for continued upward movement, and calmly harvest gains from range fluctuations
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