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May 13, 2026 Spot Gold Morning Analysis
Good morning everyone! Yesterday, due to the negative impact of the U.S. April CPI data, spot gold experienced a significant decline, falling by $135.
Today, the focus is on PPI data and this week's EIA crude oil inventory data, which will continue to influence market trends.
1. The 4-hour timeframe maintains a bullish arrangement, with gold prices oscillating at high levels, showing signs of stabilization and recovery in the short term. Short-term support is at 4700, with strong support at 4680; short-term resistance is at 4730, with strong resistance at 4750.
For trading, it is recommended to rely on the two major supports at 4700 and 4680 for phased long positions, with targets sequentially at 4730 and 4750. Strictly control position sizes and set stop-losses to manage risk.
The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! $XAUUSD #XAU