5.13 Bole Evening Analysis

I. Core News and Sentiment

US April CPI exceeds expectations, Federal Reserve signals prolonged high interest rates, short-term pressure on gold prices; global central banks continue to buy gold, physical demand supports the market, limited downside space, no major data in evening session, market mainly fluctuates on technicals.

II. Core Technicals

Currently around 4698 for gold prices, the daily bullish trend remains intact, 4-hour chart maintains a wide range of 4640-4770, short-term on the hourly chart shows a slight pullback, key zone locked between 4685-4725.

• Support: 4685, 4650; Resistance: 4725, 4770

III. Direct Trading Strategies

Overall approach: mainly buy on dips, lightly short on small positions, strictly control stop-loss

1. Long positions: lightly buy on dips around 4685-4690, stop-loss below 4680, target 4715-4725

2. Short positions: lightly short on rebounds between 4720-4725 that do not break, stop-loss above 4730, target below 4690

3. Risk management: do not exceed 10% of single position, adjust with breakout above 4730 / below 4680, do not hold large positions

Investing involves risks, the above is for reference only and does not constitute investment advice.