Market News (Core)

• Negative signals dominate: US April CPI and PPI both exceeded expectations, the Federal Reserve's probability of rate cuts in June dropped to below 20%, the US dollar and 10-year Treasury yields (4.48%) rebounded, suppressing non-yielding gold.
• Positive support: Central banks worldwide continue to buy gold, Middle Eastern geopolitical conflicts persist, limiting large declines.
• Tonight’s focus: 8:30 PM US retail sales and initial jobless claims data, increasing volatility.
Technical Analysis (Precise)
• Daily chart: Closed with a bearish candle but did not break the 10-day moving average (4660), moving averages are flat, narrow-range oscillation.
• 4-hour chart: Range-bound between 4638-4726, balanced between bulls and bears.
• Resistance: 4715 (short-term resistance) → 4760 (strong resistance).
• Support: 4660 (key) → 4615 (strong support).
Trading Strategy (High Win Rate)
1. Light long positions on pullbacks to 4660-4670, stop loss at 4635, target 4710-4730.
2. Light short positions on rebounds to 4720-4730, stop loss at 4765, target 4670-4660.
3. Breakout strategies: if below 4660, look to 4615; if above 4760, look to 4800.
Core Reminder
In a volatile range-bound pattern, strictly set stop losses, operate with light positions, and during data nights, volatility increases. Focus on precise range profits, avoid greed. #特朗普5月13日访华