5.13 | Zeyu Evening Gold Viewpoint 💖

The U.S. April PPI year-over-year release came in at 6%, significantly higher than the expected 4.9%. At the beginning of the data release, the market briefly interpreted it as “inflation persistence beyond expectations, with the rate-cut cycle delayed,” causing gold to quickly dip to a low of 4669.48.

But after the bad news was fully digested, the market re-priced: high inflation combined with the Federal Reserve’s policy dilemma, in fact strengthening gold’s inflation-hedging and safe-haven attributes. After testing the bottom, the price quickly stabilized and rebounded, showing that support below is strong and that the downside momentum has been fully released.

Price formed a clear bottoming structure around 4669, with signals of selling pressure easing and stabilization. This indicates that buyers are proactively taking over at this key level, and that bearish selling pressure has been completely absorbed.

Suggestions:
Go long on a pullback around 4670-4680, and protect against below 4660.
First target: 4690-4710 (filling the prior decline gap, testing short-term resistance)
• Second target: 4725-4735 (challenging the resistance level near the previous high, watching for trend recovery)

Trading must strictly control position sizing; media recommendations are not updated in real time. Everything depends on structure and real-time tempo! ❤️❤️#黄金 #现货黄金 #外汇黄金 #黄金白银 #跟单 $XAUT