5.13 Wenjie Evening Gold Analysis



Today during the day, gold experienced a volatile and slow upward movement, with a brief pullback and stabilization in the early trading session before continuing to rise, with an overall bullish trend. Influenced by external news, market risk aversion sentiment has cooled somewhat, causing a slight pullback in gold prices, but this did not change the overall strong upward trend. The intraday market fluctuations are stable, awaiting further momentum in the evening.

On the fundamentals side, related diplomatic news temporarily suppressed gold prices, but the geopolitical risks in the Middle East have not been fully alleviated, effectively limiting the downside space for gold; meanwhile, the US dollar index slightly weakened, providing short-term support for gold prices.

Technical support shows strong performance, with each pullback being met with a rebound, maintaining the short-term bullish trend. Overall, the evening outlook remains optimistic for a oscillating upward pattern.

Evening trading suggestions:
Buy in batches on pullbacks between 4685—4670
Target levels upward: 4710 — 4760
#现货黄金
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin