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May 13, 2026 Spot Gold Evening Analysis
In the morning session, gold prices hovered around the 4700 level with narrow fluctuations, with fierce battles between bulls and bears, and overall market sentiment remained cautious.
Tonight, PPI and EIA crude oil data will be released, with current market expectations leaning towards bearish for gold and silver.
Short-term resistance levels are at 4715 and 4745, while support levels are at 4680 and 4650. The white session is generally weakly oscillating within the 4680-4715 range.
In terms of trading, closely monitor the data releases to position accordingly, strictly avoid blindly chasing orders; if the price effectively stabilizes above 4715, short-term resistance, the market may rebound and attempt to rise toward 4735-4750.
If the support at 4680 is broken, further declines toward 4650 and 4630 are possible.
The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout at Shipan for specific strategies! $XAUUSD #XAU