Spot gold intraday trading advice: take cautious short positions on rallies

汇通财经2026/05/04 02:45

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1. Analysis: The situation in the Middle East remains tense, oil prices stay high, suppressing expectations for a Fed rate cut. Recent Fed statements are leaning hawkish, with the US Dollar Index rebounding after dipping, which tends to put pressure on gold prices. After last week’s decline, technical signals for a bearish trend have also strengthened.2. Focus: News related to the Middle East situation, US March factory orders month-on-month, speeches by Federal Reserve officials.3. Resistance: 4630; 4655; 4672;4. Support: 4590; 4560; 4528

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Spot gold intraday trading advice: take cautious short positions on rallies

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