5.13 Gold Morning Review



Last night, U.S. April CPI inflation data exceeded expectations, the dollar surged, and gold plummeted, dropping from 4773 to 4638, a decline of over 1.5%.

This morning, gold hit bottom and started to rebound, now around 4718, with the negative impact gradually digested.

Technical analysis shows: the short-term has stopped falling and rebounded, indicating a bullish trend. Resistance above is at 4730, with key support at 4680.

Trading suggestions:
- Buy on dips to 4680-4690 with a tight stop at 4670, targeting 4730;
- If the rebound reaches 4730 and stalls, consider shorting with a stop at 4750, looking back to 4690;
- Maintain a light position and strictly control risk throughout.

Disclaimer: This is only a market opinion sharing, not investment advice. Please manage your own risk and make independent decisions.
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