May 6 — Jingyi Gold Briefing



Market expectations that the Federal Reserve will cut rates within this year are gaining momentum. The US dollar index is under pressure and moving downward, and combined with geopolitical risks, gold’s safe-haven buying demand remains strong. In the early morning, gold prices surged sharply, reflecting a strong willingness of funds to position on dips, and bullish sentiment is stable.

Yesterday, gold prices tested the lows and rebounded. During the daytime, it traded in a tight range. In the US session, after pulling back to 4546, it was quickly rebounded with support from buy orders, returning above 4580, and the daily candle closed bullish. The current bullish structure remains intact. Trading is mainly based on trend-following and buying on dips.

Suggestion: Buy in batches on the pullback between 4615-4580. First, look for 4650; if the level is broken, look for 4750. #WCTC交易王PK
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