5.8 Morning Analysis

Yesterday, gold exhibited a "strong first, then weak" trend, surging to a high of 4764 in the early session before encountering resistance and pulling back, then stabilizing around 4680 towards the end of the session. Overall, it showed high-level oscillation and accumulation of bullish momentum. Technically, the price received effective support at the lower band of the Bollinger Bands, with strong buying interest at the bottom, indicating solid support levels below.

The US dollar index slightly rebounded, but the upward space was limited; real interest rates temporarily increased, exerting limited pressure on gold prices. As the downward momentum from the lows gradually diminishes, market focus shifts back to the bulls. The early morning continued with a correction, but after the dip, it quickly stabilized, with clearly slowed downward momentum, indicating a short-term rebound and correction potential.

Trading Recommendations

• Buy on dips around 4690-4710 in batches, with a stop loss below 4670;

• First target at 4740, and after breaking through, look for the high zone around 4780.

Note: Market volatility increases ahead of non-farm payrolls; strictly control positions and implement risk management. #黄金##金价##现货黄金##原油#