$XAUT Yingying: Gold’s short-term pullback is stabilizing and breaking upward—how should we handle the pace tonight?

Today during the daytime session, gold has maintained narrow-range consolidation and an upward move. In the early session, driven by news of Trump visiting China, the market’s risk-averse sentiment cooled temporarily. After a slight dip, gold stabilized and rebounded. Throughout the day, it gradually broke through key levels, presenting an overall pattern of dipping then rebounding with a relatively strong, oscillation-biased structure. Intraday price swings are controllable, and the game between bulls and bears is relatively cautious. We will wait for further guidance from tonight’s news.

On the news front, Trump’s state visit to China has put the market focus on topics such as China-U.S. trade and geopolitical issues. In the short term, this eases market risk-averse sentiment to a certain extent and exerts some pressure on gold. At the same time, uncertainty still remains in the Middle East situation, which limits gold’s downside space. In addition, the U.S. Dollar Index has edged lower slightly, providing short-term support for gold.

On the technical side, after the daytime session pulled back to confirm support, it rebounded and held above key levels. The short-term trend is likely to be bullish; tonight is very likely to continue a range-bound, bullish-leaning outlook.

Recommendation: If it pulls back to around 4690-4670, you can consider buying; if the pullback is stronger, you can consider buying around 4660-4640; if prices rise directly, you can consider buying around 4700. Targets to watch are around 4730 and 4750, and higher upward.

Disclaimer: The above is for market analysis reference only and does not constitute trading advice. The market involves risks, so trading requires caution.
#黄金