5.13 Morning Market Analysis by Bole


I. Core News
PPI Data: Producer Price Index to be released at 20:30 tonight. If the data rises, gold prices will be under pressure; otherwise, it will be bullish.
Safe-haven Support: Geopolitical summit underway, uncertainty provides a bottom support for gold prices, making deep declines unlikely.
II. Key Technical Levels
Strong Resistance: 4,820 / 4,900
Strong Support: 4,680 / 4,500
Current Trend: High-level oscillation with energy accumulation, trend center slowly shifting upward.
III. Trading Suggestions
Long Positions: Enter around 4,680 - 4,700 after a pullback and stabilization, stop loss at 4,640, target at 4,780.
Short Positions: If resistance at 4,820 causes a pullback, try a small short, stop loss at 4,850, target at 4,730.
Reminder: Volatility can be intense before and after data releases; strictly adhere to stop-loss rules.
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