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May 12, 2026 Spot Gold Evening Analysis
In the morning session, the market suddenly plunged sharply, with prices falling from around 4773 all the way down, with the lowest dip to the 4686 level, a total decline of nearly $90.
Later in the evening, the highly important CPI data will be released, which will have a significant impact on the market. Everyone must pay close attention and prepare risk control and defensive strategies in advance.
Currently, the market is fluctuating narrowly around the 4700 level, with resistance levels moving downward simultaneously. Key resistance points are at 4710 and 4730; key support levels to watch are at 4680 and 4650.
In terms of trading, it is recommended to remain cautious before the data is released, avoid blindly entering the market, and strictly implement stop-loss and defensive measures. Do not chase the market or fight against the trend by holding large positions; trading with the trend is preferable. You can wait for a rebound to the support levels at 4680 and 4650 for a low-volume long entry, with targets at 4710, 4730, and 4750 in sequence. If the price breaks below 4650, it may continue to decline toward 4600.
The above is only personal advice and for reference only. It does not constitute investment advice. Please follow the layout of Cheng Jingsheng and Shipian for specific strategies! $XAUUSD #XAU