On May 14, international spot gold opened with a stronger bias, while crude oil extended its weaker performance from the previous day's pullback in the early session. The US dollar index also faced technical resistance in early trading, providing some support for gold prices. However, before breaking through the 60-day moving average, gold still faces the risk of encountering resistance and pulling back. During the day, attention will be on data such as the US Initial Jobless Claims for the week ending May 9 and the US April Retail Sales Month-on-Month rate, with overall market expectations leaning towards being favorable for gold prices. Therefore, gold prices are expected to remain volatile towards the end of the week, with opportunities for both long and short positions. From the daily chart perspective, gold prices are currently in a volatile state, with resistance above and support below. The key focus remains on whether it can break through the resistance of the 60-day moving average to follow the upward trend and target above $4,900. On the downside, continued attention will be paid to the support of the 144-day and 200-day moving averages for staged bullish outlooks. For intraday short-term operations, continue to monitor signals from cycles such as 4-hour and 1-hour charts for trading. Today's specific operational points should be based on real-time strategies.
For real-time intraday guidance and follow-up trading instructions, refer to live account information.
Preliminary intraday operational point ideas are provided for reference; specific entry and exit points should be confirmed via live account notifications.
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