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5.29 Wenjie Evening Gold Outlook
News: Ceasefire between the US and Iran eases geopolitical risk, US Q1 GDP is significantly revised downward, combined with hawkish comments from Federal Reserve officials, the market is oscillating between stagflation and high interest rate expectations, with both bulls and bears hesitant.
Technical: Gold prices hold steady at the middle band of the Bollinger Bands, with the channel opening upward, indicating a continued short-term bullish pattern; currently near the upper band, upward pressure is evident.
Trading strategy: Mainly low-buying overall, lightly position around the 4516 support level, targeting 4550-4580. #现货黄金