May 14 Morning Gold Market Outlook



From the 1-hour chart perspective, spot gold overall showed a range-bound consolidation pattern last night, with prices facing resistance at the 4726 high point and then pulling back, supported in the 4658-4660 range. It stabilized and rebounded in the early morning, currently trading around 4690. The bulls and bears are relatively balanced, with no clear short-term directional trend, and the overall situation is a high-level oscillation digesting the previous gains.

On the fundamental side, today’s key focus is on the U.S. April retail sales monthly rate data, which directly reflects the strength of U.S. consumption and will impact the dollar and Federal Reserve policy expectations, thereby driving short-term gold fluctuations. Attention should be paid to market jumps before and after the data release.

Trading Suggestions

Buy: Enter on stabilization within the 4670-4780 range, with a stop-loss above 4660, target at 4720, and a breakout target at 4780.

Sell: Enter on resistance within the 4700-4710 range, with a stop-loss below 4720, target at 4670, and a breakout target at 4740.

(These are personal opinions for reference only; all trading should be based on actual market conditions.)
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