5.12 Morning Gold Analysis



Today, gold continues to strengthen, and the price is firmly holding above 4770, with strong bullish momentum.

On the daily chart, the previous high-range consolidation has already broken upward, and the trend is still clearly bullish. On the 4-hour chart, the lows are rising, and the moving averages are also aligned in a bullish order. This morning it surged straight to a new high—the red bars are still expanding, and momentum hasn’t weakened.

On the news front, a weak U.S. dollar, expectations of interest rate cuts, and risk-off sentiment are all providing support to gold prices, and there’s nothing major stirring things up this morning.

Trading Suggestions
Pull back to around 4749-4758 for a low dip, with targets at 4788-4805. The trend is now clear, so it’s not recommended to trade blindly.
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