Gold Evening Outlook

Intraday gold is being pressured by a strengthening U.S. dollar and rising U.S. Treasury yields. Combined with continuous central bank gold purchases worldwide and geopolitical risk-off sentiment for support, the market is overall trading sideways-to-weak. Tonight, keep an eye on the 20:30 U.S. retail sales and initial jobless claims data, while closely monitoring the progress of the China-U.S. meeting;

After a spike to 4718 in the evening, gold pulled back to around 4690. The Bollinger Bands are tightening, and the 4715-4720 area is suppressing prices in the short term. Key support is 4650-4670, with strong support at 4638. If the meeting brings positive developments, it may lift gold prices or drive a push down toward the support levels; if there are disagreements, a rebound is likely. Overall, expect range-bound trading;

In terms of trading, if 4710-4730 is under pressure, you can try a small-position short. Target 4680; if it breaks, look for 4650.

For pullbacks, buy around 4685-4665, or buy on a deeper dip at 4655-4635, targeting above 4720. Be sure to strictly control position size and set stop-loss orders. News can cause volatility quickly—do not chase orders. After a break of key levels, then trade in line with the trend. #美国4月PPI同比暴涨6% #BTC #ETH