WenjieGuanjin

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 p

May 29 Wenjie Spot Gold Midday Outlook
News
Overnight gold prices tested a low of 4365 and then sharply reversed, closing with a long lower shadow bullish candle on the daily chart. US PCE inflation data cooled down, the dollar weakened, providing support for a rebound in gold prices; but the Federal Reserve's high interest rate expectations remain, combined with month-end fund rotations, limiting the rebound strength. Overall, it is a supportive bottoming pattern with resistance above.
Technical
Currently around 4520, the Asian session saw a rally followed by high-level consolidation. Bullish

May 29 Wenjie Spot Gold Morning Outlook
News
Last night, U.S. core PCE inflation data fell short of expectations, indicating cooling inflation, which caused the dollar and U.S. Treasury yields to retreat, providing clear support for a rebound in gold. Market expectations for rate cuts slightly increased, short-term negative factors have been exhausted, and gold prices stopped falling and began to rise. Today’s focus will be on evening employment-related data, which will directly influence the strength of the U.S. dollar and the rhythm of gold price fluctuations.
Technical
Last night, gold pric

May 27 Wenjie Lunchtime Gold Outlook
News: The Federal Reserve's hawkish expectations support the US dollar and Treasury yields, putting pressure on gold prices; geopolitical risk aversion has cooled, and bulls lack positive catalysts.
Technical: The daily and 4-hour charts are bearish, with the 4500 level under pressure. Short-term resistance is at 4500-4510, support at 4480 and 4460.
Trading idea: Focus on selling high. Rebound to 4500-4510 for short positions, targeting 4480/4460; if it stabilizes around 4460 below, try light long positions. #现货黄金 $XAUT

Buy at the current price of 4508, set a stop-loss at 90, target 30-50#现货黄金

May 26 Wenjie Gold Evening Outlook
News Side
Intra-day geopolitical risk aversion sentiment continues to cool down, and the risk premium supporting gold prices has gradually diminished. Currently, there are no major data indicators guiding the market, and the trend mainly follows the fluctuations of the US dollar and US Treasury yields. The Federal Reserve's hawkish expectations continue to suppress the rebound strength of gold prices, and overall bullish momentum is insufficient. Market sentiment remains cautious.
Technical Side
Gold prices surged and then fell back within the day, facing res

5.26 Wenjie Gold Morning View
Yesterday, gold generally remained within a range, with prices fluctuating within the Bollinger Bands, encountering resistance when rising and finding support when falling, without forming a clear trending market. Previously, long positions based on support at low levels were smoothly taken profits on the rhythm of consolidation.
There are no major economic data releases today; the US dollar and US bond yields fluctuate slightly, and cautious market trading is also a main factor for the continued sideways movement.
Technically, the Bollinger Bands are gradually na

5.25 Wenjie Spot Gold Evening Outlook
News
During the day, market risk aversion sentiment slightly receded, geopolitical tensions temporarily eased, putting downward pressure on gold prices. Meanwhile, the US dollar and US Treasury yields remained relatively strong, with rate cut expectations delayed, limiting gold's upward momentum. Overall, there are no major negative fundamentals causing a sharp decline; the market is mainly digesting and consolidating at high levels due to insufficient bullish momentum.
Technical
During the daytime, the price surged but faced resistance and pulled back, wi

5.25 Wenjie Gold Morning Outlook
News: Optimistic expectations for US-Iran negotiations are picking up, and a weaker US dollar is a short-term positive for gold prices; however, after rate-cut expectations from the Fed were pushed back, high interest rates’ pressure is still in place. In the medium to long term, the central bank’s continuous gold buying provides strong support.
Technical: In the short term, price is ranging and oscillating within 4550-4600. Support is at 4550/4520, and resistance is at 4580/4600. The 4-hour moving averages are bullish, but the slope is slowing, suggesting a sh

5.22 Wenjie Gold Evening View
The current price fluctuates around 4515. After probing a low of 4488 during the day, it rebounded slightly. Overall, this is a weak rebound after a decline; bulls and bears are temporarily locked in place, with no clear one-way trend.
The US dollar stays at a high level, and delayed rate-cut expectations weigh on gold prices. The market is waiting for Federal Reserve-related remarks early in the morning; there is a high likelihood of directional volatility in the evening, with the news driving the short-term pace.
Support: 4480–4500 (strong intraday support)
Re

May 22nd Wenjie Gold Morning View
Yesterday, gold sharply retreated and then rebounded, falling to the low of 4488 with strong support, closing with a long lower shadow on the daily chart, indicating solid support at the low. This morning, the price fluctuates narrowly around 4528, with market sentiment on Friday being quite cautious, awaiting the evening PCE inflation data to set the direction.
The US dollar and US Treasury yields are oscillating at high levels, temporarily suppressing a significant rebound in gold prices, but bottom-fishing buying and ongoing central bank gold purchases limi

May 21 Wenjie Gold Evening Viewpoint
Yesterday, the US market tested lows and rebounded to close with a strong bullish candle. Today, after surging to 4570, it oscillated and pulled back. The overall bullish structure remains intact, with short-term high-level correction and consolidation; no signs of a one-sided decline.
The slight rebound of the US dollar suppressed gold prices from rising further. The market is mainly waiting for the Federal Reserve meeting minutes at 2 a.m. The short-term trend is mainly consolidating and shaking out; global central banks continue to buy gold, providing st

May 21st Wenjie Gold Midday View
Gold surged and then pulled back during the lunch session, reaching a high of 4570 before facing resistance and retreating. Currently, it is fluctuating around the 4510–4550 range.
The overall market is a high-level shakeout and adjustment, with the key support at 4500 holding steady. There are no signs of weakness or sharp decline in the short term. The market is mainly consolidating and repairing, waiting for guidance from tonight’s Federal Reserve meeting minutes.
Support: 4500–4480
Resistance: 4550–4580
Trading Strategy
Preferably buy on dips around 450

5.21 Wenjie Morning Market Outlook
Yesterday, gold prices dipped and then reversed to rise again, with prices gradually rebounding after reaching lows.
Capital inflows at the lows drove the market to warm up, and the current price has firmly held the key 4500 level.
The bullish trend is gradually recovering, and the medium- to long-term overall trend remains positive.
From a cyclical perspective, the overall bullish momentum remains intact, with the short-term chart in a high-level consolidation and accumulation phase.
Today’s market is likely to maintain a volatile and slightly stro

5.19 Wenjie Gold Morning Outlook
Gold deepened its decline overnight and slightly rebounded in the early morning, which is a technical oversold correction and not a reversal. The overall major trend remains bearish, with the rebound strength weak, clear resistance, and strong high-level suppression. Coupled with the continued strength of U.S. Treasury yields and the dollar, the rebound space for gold is limited, and the main rhythm still leans towards oscillation and decline.
Resistance: 4580–4600 (core strong resistance), 4620 (bearish defense at high levels)
Support: 4500–4530 (short-term su

May 18 Wenjie Gold Evening Outlook
Currently, gold prices are quoted around 4540, with a short-term dip to a new low of 4480 followed by a slight rebound at low levels. The overall trend is clearly bearish, with a weak rebound strength, continuing a oscillating downward pattern.
Market Core Logic
U.S. economic data remains resilient, delaying the market’s expectation of Federal Reserve rate cuts. The dollar and U.S. Treasury yields continue to strengthen, continuously suppressing gold prices. Technically, breaking below key supports at 4600 and 4550 fully opens the bearish trend. All sho

May 18 Wenjie Morning Market Analysis
Last week, precious metals generally showed a rally followed by a pullback, with prices reaching the 4773 level before facing resistance and declining again, consecutively breaking through multiple key support levels. The recent decline bottomed out around 4511. The weekly trend of adjustment has already taken shape, with bearish forces continuously releasing, and the overall market trend remains weak.
In the short term, conditions for stabilization and reversal are not yet present, and the market is likely to continue weak oscillation and consolidation. A

5.14 Wenjie Gold Evening Analysis
Currently, gold prices are fluctuating with a slight weakness, with no clear bullish or bearish trend in the short term. The main strategy is to sell high and buy low within the range, and to be cautious when chasing orders before data releases.
Key resistance: 4715-4720
Key support: 4660-4670
Evening trading suggestions
Sell short on rebounds at 4715-4720 with resistance, stop loss above 4730, targets at 4670 and 4650#现货黄金 $XAUT