5.13 The Fourth Early Morning Gold Trading Ideas Share



News: The early-session market sentiment is stable, risk aversion has cooled down, and gold prices have returned to being driven mainly by technical factors. Diverging expectations for Federal Reserve rate cuts are ongoing. The US dollar is trading in a narrow range, with no strong one-way catalyst. For the day, wait quietly for economic data to provide guidance. Trading is somewhat cautious, mainly characterized by range-bound movement.

Technical: International gold is finishing up its high-level consolidation. The daily bullish trend has not been broken. The 4-hour chart shows a short-term pullback to build momentum. Support: 4700, 4680. Resistance: 4730, 4755

Trading suggestion: Range-bound oscillation; primarily go long at low levels. Enter when prices stabilize around 4700. Stop loss: below 4680. Targets: 4730, 4750
#黄金 #现货黄金 #外汇
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