Morning Gold Outlook · Early Morning Gold Preview

From the market perspective, gold has entered a clear bullish momentum, with prices steadily above the upper band of the Bollinger Bands at around 4553, and the Bollinger Bands opening upward simultaneously. The short-term bullish momentum continues to be released, with the middle band of the Bollinger Bands serving as strong support. The overall upward trend remains intact.
On the news front, geopolitical risks combined with inflation expectations provide dual support for precious metals. The US dollar is weakening in the short term, and real interest rates are falling, further opening up space for gold prices to rise. Market funds are clearly favoring the bullish camp.
In terms of operation, it is recommended to wait for a pullback to the 4540-4545 range to gradually establish long positions, with the first target at 4570-4580. If the price directly surges past 4580, do not chase high blindly; patiently wait for a correction before following the trend. Morning volatility has increased, so be sure to strictly control position sizes and operate mainly in line with the trend.