5.11 Gold Analysis

On Monday’s market open, the yellow metal saw a rapid and sharp drop. The price fell from the high of 4735 to 4672; the current quote is 4688. The key driving force is the breakdown of geopolitical negotiations, which lifted oil prices, while inflation expectations compelled the Federal Reserve to keep interest rates high—creating a special market scenario where “safe-haven assets are not safe.”

From a technical perspective on the 1-hour timeframe: after the sharp decline, the price quickly reached the vicinity of the lower Bollinger Band around 4684 to find initial support. It is currently in an oversold rebound/repair phase. The KDJ indicator has entered a severely oversold zone, suggesting there is short-term demand for a rebound. During the selloff, volume expanded; the current rebound is on reduced volume, indicating that bearish momentum has been released in stages. Below, 4672 is the low point of this decline and the bulls’ defense floor.

Trading suggestion: go long at 4660-4672, target 4700-4750.$SOL $ETH $BTC #Gate广场五月交易分享 #特朗普5月13日访华 #Polymarket每日热点