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5.12 Key Intraday Levels for Gold, Capture Profits Directly
Spot gold rebounded strongly in the morning session, surging to 4773.39, with the short-term bulls quickly repairing, and the market showing a bullish recovery.
Tonight, focus on the US April CPI data, as the market is preemptively betting on rate cut expectations, combined with geopolitical tensions and bull replenishment, multiple positive factors support the gold price.
Technical key levels: Resistance at 4770, strong resistance at 4790, support at 4700
Main operation: buy on dips near 4710, aiming for 4750; if it stabilizes above 4773, follow the trend to buy more. Volatility increases before and after data releases, strictly control positions, and trade quickly.
Investing involves risks; operate with caution.