5.7 Gold Midday Analysis

Today, gold remains high and volatile at midday, supported by weakening U.S. economic data and rising expectations of rate cuts, with overall bullish momentum. Technically, short-term pressure is evident, with upward momentum slowing, indicating a pattern of high-level consolidation with a tendency to retreat after rises.

Tonight, focus on U.S. initial jobless claims data and Federal Reserve officials' speeches. Coupled with the unpredictable Middle East situation, market volatility will increase.

Key resistance at 4730-4750, key support at 4680-4700;
If it stays above 4730, look for a rally; if it faces resistance but does not break through, consider shorting;
If it dips to support at 4680 and stabilizes, consider buying on dips; a decisive break below suggests further downside toward 4650.
In the evening session, avoid chasing gains or cutting losses impulsively; rely on key zones for high sell and low buy, strictly managing risk. #黄金##金价##现货黄金##原油#