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May 12, 2026 Spot Gold Morning Analysis
Good morning everyone! Yesterday, Lao Cheng’s low-long strategy around 4648 was successfully executed, and the market surged up to around 4748, directly delivering a hundred-point profit range and accurately catching the bullish momentum.
Today, the opening continues the strong upward trend. The 1-hour and 4-hour charts remain in a bullish alignment, and the overall sideways-to-upward pattern remains unchanged, with rebound momentum still abundant. In the short term, watch the key supports below at 4730 and 4710. On the upside, resistance is seen around 4780 and 4800.
In terms of trading, follow the trend and mainly look for longs. Wait for the market to pull back to the 4730 and 4710 support zones, then after they stabilize, enter low-long positions opportunistically. Then look at the target range of 4780 and 4800 in sequence.
The above is only personal advice, for reference only, and does not constitute any basis for investment. For specific arrangements, please refer to Cheng Jingsheng Shipan’s plan!$XAUUSD #XAU