Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
May 12, 2026 Spot Gold Midday Analysis
Spot gold in the early trading session saw the bulls surge strongly, reaching a high of around 4773; then, due to fluctuations in the RMB to USD exchange rate, the market quickly retreated, currently oscillating weakly around 4720, with an overall decline of more than $50.
In the short term, the first support is at 4710, with a key strong support at 4690; short-term resistance above is at 4735, with a strong resistance at 4760. The rhythm of bullish and bearish shifts in the morning suddenly changed, and overall support and resistance levels moved downward simultaneously.
Operationally, after effectively stabilizing above the two major supports at 4710 and 4690, consider entering multiple small long positions, with rebound targets around 4730 and 4750, and a stop at 4680.
The above is for personal reference only and does not constitute investment advice. Please follow the layout of Cheng Jingsheng and Shipan for specifics! $XAUUSD #XAU