5.19 Morning Gold Outlook

During the early trading session, spot gold is trading around 4560, with the intraday high reaching 4585 and the low dropping to 4535. Currently, it remains in a narrow range of fluctuation and consolidation, with short-term signs of stabilization at lows appearing.

On the news front, the market is still digesting expectations related to the new Federal Reserve Chair Powell's policies, with the US dollar index maintaining slight fluctuations; meanwhile, the situation between the US and Iran shows no significant easing, and geopolitical risks provide some safe-haven support for gold. However, overall market risk appetite remains cautious, and gold has not yet gained enough upward momentum.

From a technical perspective, the 5-minute K-line lows are gradually rising, clearly indicating a short-term stabilization signal. The key resistance is concentrated around 4590-4600, while support levels are around 4550-4560. As long as the price stays above 4550, the short-term trend will likely remain in a relatively strong oscillation pattern.

In terms of trading strategy, the short-term approach continues to focus on range-bound trading: consider lightly entering long positions within the 4560-4570 range, targeting 4580-4590; if the price encounters resistance when rebounding to 4580-4590, a small short position can also be attempted. Overall, adhere to the principle of quick entry and exit, strictly set stop-losses, and control trading risks. #黄金：