#WTI原油失守90美元 Yesterday, gold experienced a classic deep V-shaped reversal, with the intraday low reaching $4,365 to establish a bottom and stabilize. Stimulated by positive U.S. inflation data, it surged over 100 points overnight, with fierce battles between bulls and bears. According to news, the U.S. April core PCE price index rose 0.2% month-on-month, significantly below the market expectation of 0.3%, and up 3.3% year-on-year, indicating a clear easing of core inflation pressure. After the data was released, the market lowered expectations for the Federal Reserve's December rate hike from 50% to 48%. The U.S. dollar index and Treasury yields also declined in tandem, directly becoming the core driving force behind this round of violent gold price rebound, with funds rapidly flowing into gold as a safe haven to go long.

From a technical perspective, after the gold price bottomed out and rebounded, short-term bullish momentum has improved, but resistance above remains clear. The first resistance zone is between $4,520 and $4,540, serving as the short-term dividing line between bulls and bears. The second strong resistance level is at $4,560; below, the first support is at $4,460–$4,470, which is a key level for a rebound correction. $4,430 is a strong intraday support; once broken, the rebound logic will weaken.

Overall, today’s market tends to be volatile and slightly bullish, with a focus on buying low. After gold stabilizes around $4,460–$4,470, it can be positioned for long positions, targeting $4,520–$4,540. If the rebound encounters resistance at $4,540–$4,550, a light short position can be tried for a short-term correction, with strict stop-losses set for all trades. Tonight, focus on speeches by Federal Reserve officials, as their stance can easily influence market interest rate expectations and trigger sharp fluctuations in gold prices. Be vigilant about market sentiment swings and strictly control trading risks.