Gold Jin Chengfeng | Gold Morning Analysis (May 15)

【Overnight Review】
Overnight, the gold market failed to hold the $4,700 level, turning weaker amid choppy price action. This morning’s session continued the downtrend; the low dipped to around $4,647, followed by a modest rebound to around $4,660 for consolidation.

【Today’s Core Variables】
1️⃣ Woshem tomorrow will take over as the chair of the U.S. Federal Reserve, and the market has begun pricing in hawkish risk
2️⃣ China-U.S. Summit: positive outlook for trade versus rising geopolitical tensions—tug-of-war in both directions
3️⃣ Tonight at 20:30, initial jobless claims + import price data

【Technical Levels】
Resistance: 4675-4680 / 4700
Support: 4645-4650 / 4600
Current: 4660-4665, weak consolidation

【Trading Approach】
Primarily look to short for rejection between 4675-4690. If price pulls back to 4640-4650, consider a light long position. Keep it light, use a stop-loss, and don’t chase orders.

【Summary】
A slightly bearish sideways range—wait for catalysts. Short at resistance during rebounds is more stable than chasing shorts. #黄金 #现货黄金创历史新高