5.25 Wenjie Gold Morning Outlook



News: Optimistic expectations for US-Iran negotiations are picking up, and a weaker US dollar is a short-term positive for gold prices; however, after rate-cut expectations from the Fed were pushed back, high interest rates’ pressure is still in place. In the medium to long term, the central bank’s continuous gold buying provides strong support.

Technical: In the short term, price is ranging and oscillating within 4550-4600. Support is at 4550/4520, and resistance is at 4580/4600. The 4-hour moving averages are bullish, but the slope is slowing, suggesting a short-term pullback for confirmation.

Trading idea: Range-bound but slightly bullish—buy on dips. Pull back to 4545-4555, defend at 4520, with targets 4580→4600#现货黄金 $XAUT
XAUT-1.63%
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