Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Muyao: The bulls and bears engage in a tense battle on the night before the Non-Farm Payrolls report, with gold consolidating at high levels on May 8th; a dip is an opportunity.
Yesterday, gold prices staged a rally followed by a pullback, maintaining a strong oscillation at high levels overall. It touched 4720 in the early session and fell back under pressure, then stabilized and rebounded at 4692 during the midday. After surging to 4753 at the European session, a key resistance level, it pulled back again. The entire day’s trend reflected cautiousness in the bulls and bears’ contest.
The daily chart shows a complete bullish trend, with moving averages aligned bullishly, and the medium-term upward structure remains unchanged. In the short term, prices are oscillating within the 4700-4720 range, with strong resistance at 4750-4760 and support at 4680-4690.
Trading suggestion: Lightly go long near 4680-4690 on dips, targeting 4750-4760; if broken, look for 4800-4820.
Tonight, the Non-Farm Payrolls data will be released. Before the data, market activity is cautious, and a correction at high levels is expected. Do not chase the highs during intraday trading; focus on buying dips, and patiently wait for stabilization and opportunity to position.