Bole Lunchtime Analysis

Current price $4,707, the Asian session surged to $4,726 then pulled back, the midday range is around $4,700 with narrow fluctuations, slight intraday correction, funds flowing out, cautious bulls and bears.

News Highlights

• The Fed's rate cut expectations have cooled, and the US dollar and US bonds are stabilizing, suppressing gold prices from rising.

• Middle Eastern safe-haven sentiment has dulled, but central banks continue to buy gold, providing support below.

• Tonight, focus on the initial jobless claims data, awaiting directional guidance.

Technical Analysis

• Daily chart: Bullish structure remains intact, momentum weakens, consolidating sideways.

• 4-hour chart: Bollinger bands narrowing, small range between 4687 and 4726.

• Key levels: support at 4687 and 4660; resistance at 4726 and 4740.

Midday—Pre-US Market Prediction

Maintain range-bound trading between 4687 and 4730; midday sees a slight rebound to 4720–4726, then a pullback testing 4690–4687; if the range holds, buy low and sell high, breakouts follow the trend.

One-sentence trading plan

Current price $4,709, buy at 4687–4690, sell at 4720–4725, strictly control stop-loss. #黄金##黄金##金价##现货黄金##外汇黄金#