5.11 Bole Gold Morning Analysis


The current price has stabilized above 4700, with the morning trend slightly bullish, supported by geopolitical risk aversion, but gains are suppressed by the US dollar and US bonds. Expect range-bound movement before tomorrow's CPI, avoid chasing one-sided trades.

Key Technical Levels

Support: 4680, 4650
Resistance: 4720, 4750

Market Outlook

The current price has broken above the 4700 level, with a short-term bias toward slight upward movement. After encountering resistance at the high, it pulls back and consolidates, with the overall trading range between 4650 and 4750.

Operational Strategies

1. Rebound around 4715-4720 to short, stop loss at 4750, target 4680-4650

2. Dip back to around 4680 for a long position with stable support, stop loss below 4650, target 4730-4750

3. Once above 4720, look for a breakout to the upside; if not broken, focus on shorting at higher levels#黄金##金价##现货黄金##外汇黄金#
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