5.12 Tuesday Gold Midday Analysis

Market Review

In the morning session, gold surged then pulled back, showing a high-level shakeout trend. The gold price rose to around 4773 before quickly retreating. Long positions encountered losses early on. Currently, the gold price is fluctuating around 4721, repeatedly testing the support level below.

Trend Analysis

From a technical perspective, the daily chart remains in an overall bullish trend, and the main trend has not been broken; in the short-term cycle, after the price surged, momentum gradually weakened, and the price entered a high-level consolidation pattern, typical of a high-position capital rotation trend. The current core support zone is between 4720-4718, with short-term resistance at 4745-4758. Overall, the news sentiment is calm, combined with a slight rebound in the dollar index, which exerts some pressure on gold prices. The market is mainly characterized by oscillation and tug-of-war.

Trading Suggestions

Buy in batches around the pullback zone of 4718-4700, targeting 4745-4758.
The current market is quite volatile, so trade with light positions, strictly control risk, and avoid losses from frequent stop-losses that could affect trading psychology. Steady pace and trend-following trading are recommended.

Disclaimer

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