5.8 Lao Si’s Morning Gold Trading Ideas Share

News: The U.S. Dollar Index remains range-bound but slightly bullish overall. The market is waiting for major economic data to be released, and sentiment is cautious, which limits the DXY from strengthening further. Although real interest rates have rebounded temporarily, they have not put continuous downward pressure on gold prices. In addition, with dense positioning in the lower range, after the shorts concentrate their release, their momentum gradually weakens, laying the foundation for gold’s short-term stabilization and rebound.

Technical: In today’s early session, gold saw a mild weakness and pulled back. After price touched the lower Bollinger Band, it quickly stopped falling. Support at the lower band remains solid, and the bears’ downside push continues to weaken. There is a short-term technical rebound and corrective demand.

Trading suggestions: On pullbacks around 4685-4695, consider building long positions in batches. For the short-term targets, first look at 4725-4735;
If the market strongly breaks through, the subsequent outlook is to move up toward the 4755-4765 range#黄金 #现货黄金 #外汇