News Interpretation
U.S. April retail sales posted mild growth driven by rising inflation, and import prices saw their largest increase since March 2022. Federal Reserve officials delivered neutral-to-hawkish remarks. Schmid stated inflation remains the biggest risk, while Williams mentioned there is no reason for rate hikes or cuts for now.
In terms of geopolitics, Ukraine suffered large-scale air strikes, Israel and Lebanon resumed negotiations, and Gulf countries discussed non-aggression pacts. Geopolitical disturbances still exist, yet safe-haven sentiment keeps weakening.
Looking ahead, gold remains under pressure from macro interest rate expectations. Silver faces significantly heightened short-term volatility risks. No clear stabilization signals have appeared on the market, and a weak fluctuating trend is expected to continue.
Gold Trend Analysis
Gold kept hitting new lows on Friday and rebounded after touching the low level near 4511. The key support at 4500 is very close, while solid underlying support restrains continuous downside breakout in the short term.
From the 4-hour chart perspective, focus on the support range of 4500-4510 below, immediate resistance at 4580-4600, and core resistance at 4625-4630. The hourly chart shows low-level consolidation with weak technical indicators and limited rebound momentum, meaning downside pressure remains after consolidation.
The short-term trend dividing line is at 4600, where rebounds are likely to face strong resistance. The previous support turned resistance zone stands at 4660-4680, and the weak pattern will remain without a breakout. Sustained upward momentum can only be seen if price firmly breaks and holds above 4600.
Market focus remains on the key threshold support at 4500. A valid breakout will open downside space toward 4450-4400. If price stabilizes above this level, consolidation within 4560-4580 will be the main trend.
Trading Suggestions
Go long when price first reaches 4510-4520, stop loss at 4490, target 4560-4570.
Go short within the range 4560-4580, stop loss at 4600, target 4530-4510, extend target below 4500 in case of effective breakdown.
U.S. April retail sales posted mild growth driven by rising inflation, and import prices saw their largest increase since March 2022. Federal Reserve officials delivered neutral-to-hawkish remarks. Schmid stated inflation remains the biggest risk, while Williams mentioned there is no reason for rate hikes or cuts for now.
In terms of geopolitics, Ukraine suffered large-scale air strikes, Israel and Lebanon resumed negotiations, and Gulf countries discussed non-aggression pacts. Geopolitical disturbances still exist, yet safe-haven sentiment keeps weakening.
Looking ahead, gold remains under pressure from macro interest rate expectations. Silver faces significantly heightened short-term volatility risks. No clear stabilization signals have appeared on the market, and a weak fluctuating trend is expected to continue.
Gold Trend Analysis
Gold kept hitting new lows on Friday and rebounded after touching the low level near 4511. The key support at 4500 is very close, while solid underlying support restrains continuous downside breakout in the short term.
From the 4-hour chart perspective, focus on the support range of 4500-4510 below, immediate resistance at 4580-4600, and core resistance at 4625-4630. The hourly chart shows low-level consolidation with weak technical indicators and limited rebound momentum, meaning downside pressure remains after consolidation.
The short-term trend dividing line is at 4600, where rebounds are likely to face strong resistance. The previous support turned resistance zone stands at 4660-4680, and the weak pattern will remain without a breakout. Sustained upward momentum can only be seen if price firmly breaks and holds above 4600.
Market focus remains on the key threshold support at 4500. A valid breakout will open downside space toward 4450-4400. If price stabilizes above this level, consolidation within 4560-4580 will be the main trend.
Trading Suggestions
Go long when price first reaches 4510-4520, stop loss at 4490, target 4560-4570.
Go short within the range 4560-4580, stop loss at 4600, target 4530-4510, extend target below 4500 in case of effective breakdown.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.