5.25 Wenjie Spot Gold Evening Outlook

News
During the day, market risk aversion sentiment slightly receded, geopolitical tensions temporarily eased, putting downward pressure on gold prices. Meanwhile, the US dollar and US Treasury yields remained relatively strong, with rate cut expectations delayed, limiting gold's upward momentum. Overall, there are no major negative fundamentals causing a sharp decline; the market is mainly digesting and consolidating at high levels due to insufficient bullish momentum.

Technical
During the daytime, the price surged but faced resistance and pulled back, with gold prices continuing to fluctuate narrowly. Short-term selling pressure at high levels is evident, with the upper resistance zone fixed and the lower support stable, forming a high-level oscillation with a weak structure.
Key resistance: 4580 level
Key support: 4530–4500 zone

There are no clear signs of a sustained trend; the short-term remains in a range-bound consolidation.

Evening Trading Strategy
A rebound from the 4530–4550 support zone with stabilization can be considered a low buy, with a stop loss below 4520. Expect a rebound to 4570–4590. #现货黄金 $XAUT