5.14 Gold Morning Outlook

From the 1-hour chart, gold prices previously tested the support at 4638 and gradually stabilized with a rebound, showing strength at lower levels. Currently, prices are oscillating around 4700, with short-term resistance at 4705-4710, and key support holding at 4680-4690.

Today, pay close attention to the U.S. April retail sales data released tonight, as the data will directly influence market expectations for the Federal Reserve's future policy, likely causing significant volatility in gold. For intraday short-term trading, adopt a range-bound approach, buying near support and selling near resistance, and wait for the data release to adjust positions accordingly.

Trading Suggestions

Duo: Enter long near 4680-4690 with stabilization, stop-loss above 4670, target 4730, break above for 4780

Kong: Enter short near 4710-4720 with resistance, stop-loss below 4730, target 4680, break below for 4620

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