Bole Gold Spot Evening Analysis (5.11)

News: Over the weekend, US-Iran negotiations broke down, Iran rejected the US proposal, and Trump made strong statements, pushing the dollar and oil prices higher, which is bearish for gold prices. This week will see the US April CPI data, with market expectations leaning high, potentially suppressing the Fed's rate cut expectations and further bearish for gold.

Technical: Gold opened with a gap down today, with the lowest dropping to $4647.83, currently fluctuating around $4670. The daily chart is under pressure from the middle Bollinger Band (4698 USD), MACD bearish momentum is strengthening, and KDJ is dead-crossing at high levels, indicating short-term weakness. The 4-hour chart remains volatile, with resistance at $4700-$4710 and support at $4650.

Strategy and Outlook: The evening session is likely to continue with a weak consolidation. A rebound to $4700-$4710 can be shorted with a stop loss at $4730, targeting $4650-$4630; if it stabilizes above $4650, a light long position can be tried with a stop loss at $4620, targeting around $4700. If it breaks below $4650, it may drop to the $4500 area. (For reference only, not investment advice)#黄金##现货黄金##外汇黄金##金价#