Good afternoon, everyone on 5.12


The tension between the US and Iran has intensified in the morning, boosting safe-haven sentiment and pushing gold prices up to around 4773.
Affected by the market's early pricing of the evening's CPI data with hawkish expectations and the firm US Treasury yields, gold prices came under pressure and quickly retreated, breaking below the 4700 level.

Hourly fluctuations have intensified, with current gold prices consolidating weakly below 4700, and the market trading cautiously with a strong wait-and-see sentiment.
The key support below is 4650‑4660, and the short-term resistance above is 4740.

Trading suggestions:
Lightly buy on dips in the 4680‑4690 range, gradually accumulating, with targets at 4730‑4740.
Maintain a range-bound approach before the CPI data is released, strictly set stop-losses, and avoid large fluctuations caused by data. #SpotGold#Gate广场五月交易分享
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin