5.11 The Fourth's Morning Gold Trading Ideas Sharing

Last week, gold experienced a deep V-shaped reversal trend, with the US dollar strengthening at the beginning of the week and expectations of rate cuts cooling down, causing gold prices to retreat to the 4500 level for support; subsequently, geopolitical risk aversion sentiment increased, combined with global central banks continuously buying gold to support prices, leading to a strong rebound that recaptured all losses, and by the end of the week, it stabilized above 4700, maintaining a high-range consolidation pattern.

News: The Federal Reserve's rate cut expectations fluctuate, geopolitical risks continue to disturb the market, and with various central banks increasing gold holdings to solidify bottom support, the current market lacks a clear trend momentum. In the short term, the market mainly oscillates within a range, patiently waiting for key economic data to be released and for the market to break out and signal a direction.

Trading suggestions: During the pullback to the support zone of 4685-4660, consider gradually adding long positions. In the short term, target the 4715 level, and if broken effectively, follow the trend to look towards the 4750 area. #黄金 #现货黄金