5.8 Morning Gold Outlook

The US dollar index is fluctuating and trending slightly stronger, but expectations for subsequent data are cautious, limiting upside; the rebound in real interest rates faces only limited suppression, and with dense support at lower levels, bearish momentum is exhausted, giving the price conditions to stabilize and rebound.

After further decline in the early session, it steadied at the lower band of the Bollinger Bands; the lower-band support is effective, downward momentum weakens, and in the short term there is a technical rebound and correction.

Recommendations:

On a pullback to 4670-4650, consider a low buy; on a deeper retracement to 4640-4620, add to the position with another low buy. If the market rises directly, follow at 4685, with a target above 4700.

If it meets resistance in the 4695-4710 range, look for a decline back toward 4660; after a breakout, look at 4600$BTC $XAU $SOL #Gate广场五月交易分享