5.13 The Fourth's Evening Gold Trading Ideas Share



News outlook: Inflation remains sticky, expectations for rate cuts cool down, the US dollar and Treasury yields rebound, short-term pressure on gold prices; tonight focus on US PPI and Federal Reserve meeting minutes, which may trigger volatility.

Technical outlook: Daily chart shows wide-range fluctuations, supported near the 10-day moving average, with 4640–4670 as key support, 4770–4780 as short-term resistance; short-term trend is somewhat choppy, with bulls and bears in tug-of-war.

Trading suggestions: A pullback to around 4685–4670 can be a buy zone,
Target near 4710–4750.
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