5.12 The Fourth's Evening Gold Trading Ideas



News: The release of the U.S. April CPI data at 8:30 PM is the core influence; data exceeding expectations will suppress gold prices, while below expectations will boost gold prices; Middle Eastern safe-haven sentiment and central bank gold purchases form medium-term support, with short-term market movements driven by data.

Technical: Short-term oscillation range is 4680-4720, with resistance at 4710 and 4730, and support at 4680 and 4650; 4650 is the key dividing line between bulls and bears in the short term, maintaining narrow-range consolidation before the data.

Trading suggestion: A pullback that stabilizes above 4680 can be lightly longed with targets at 4720-4750, and a stop loss at 4665.
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