5.11 Midnight Gold Review: Bottoming and Rebound Stabilize, 4764 Becomes the Short-Term Bull-Bear Divide



Market Review: Today, spot gold rebounded after hitting a low intraday, with the Asian session dipping to 4648, then oscillating and recovering. In the US session, it surged strongly to 4748, and at midnight, it stabilized around 4730 with a slight close higher, overall showing a bottoming and rebound pattern.

Trend Analysis: From the 4-hour and 1-hour candlestick charts, gold prices remain above the 20-day moving average of 4708, with short-term bullish dominance. The strong resistance level is at 4764, with key support at 4700 and 4680. The US dollar index slightly retreated, further supporting gold prices, and the short-term market remains in a volatile and slightly bullish pattern.

Trading Suggestions: For short-term, consider light long positions on dips to the 4700-4705 range, with a stop loss at 4690, targeting 4745-4760; if the rebound hits resistance at 4764, consider short positions, with a stop loss at 4774, targeting 4730-4710, strictly with stop-loss and position control.

Disclaimer: The above is for market opinion sharing only and does not constitute investment advice. Investment decisions should be made independently based on your own risk tolerance.
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