5.12 Gold Morning Analysis


News Highlights

Medium to long-term bullish logic remains solid, supported by central bank gold purchases, interest rate cut expectations, and Middle Eastern safe-haven demand, all boosting gold prices. Today’s focus is on U.S. April CPI data, which may trigger short-term volatility but does not change the overall bullish trend.
Technical Analysis

The market bottomed at 4648 and rebounded, signaling the start of a new bullish phase. The cyclical moving averages are in a bullish alignment, and the Bollinger Bands are opening upward, indicating strong bullish momentum.
Support: 4730/4710
Resistance: 4780/4800
Trading Strategy

Follow the trend with a low-position long:
Stabilize at 4730-4745 to go long, add positions at 4720-4730, with a stop loss below 4720;
Once above 4765, follow the trend and go long, targeting 4780-4800.
Use small positions with stop-loss, avoid chasing highs, and do not hold large positions. #黄金
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