5 7 Gold Midday Analysis: Safe-Haven Retreat Does Not Change Strength; Slightly Bullish at Low Levels Today

Based on the real-time market, gold is consolidating with high-level fluctuations during the day and remains overall strong. After the sharp overnight rally, profit-taking at high levels has been digested; the pullback is limited. This is a typical strong corrective move and has not changed the long-side trend. As of now, London gold is trading around 4700 US dollars per ounce. After dipping back to test key support, it rebounds quickly, with strong long-side follow-through.

On the news front, although the situation in the Strait of Hormuz has eased, global geopolitical risk still has some lingering heat. In addition, the Federal Reserve’s rate-cut expectations continue to build and the trend remains relatively weak, providing core support for gold prices. The short-term retreat of safe-haven demand only triggers a small pullback and does not shake the medium-term bullish logic; the downside room for the market is limited.

Technically, from the daily perspective, the day has closed with a large bullish candle that breaks through the short-term moving averages, meaning the trend has shifted to a volatile but bullish profile. Below, 4660–4640 US dollars has formed a strong support zone. Multiple pullbacks have proven effective at stabilizing there, becoming the short-term long-side defense floor. The resistance is located at 4720–4740 US dollars; once it breaks through, it will open up new upside space. At the hourly level, the long-side arrangement is in place—pullbacks are opportunities to go long.

Intraday thinking: When price pulls back to support, go long decisively—don’t chase highs blindly. If the market falls back toward the support zone, participate in long orders following the trend. Once price breaks above the resistance, you can add to positions to follow through, keeping an overall low-level slightly bullish pace.

Real-time numerical trading suggestions

- Main long zone: Buy in batches at 4660–4680
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- Stop loss: Below 4640
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- First target: 4720–4740
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- Risk control: Enter in light positions in batches, strictly place stop losses, and avoid missing low-level entries $BTC $GT $ETH #Gate广场五月交易分享 #BTC回调 #CLARITY法案推进受阻