Guo Shengxin:5.10Analysis of the latest gold trend today, and the latest gold price trend today

Fundamental analysis:

Wednesday（5month10European market intraday, spotgoldNarrow volatility, trading at2028dollar/Around the ounce, most of the overnight gains were held. Tuesday's Gold Price Rise0.65%For two consecutive trading days of gains, as Biden and senior congressional debt ceiling negotiations did not break the deadlock, providing safe haven support for gold prices. US President Biden and senior members of Congress raised their awareness on Tuesday31.4The face-to-face talks on the trillion dollar debt ceiling have failed to break the deadlock, and in three weeks, the United States may be forced into an unprecedented debt default. However, Biden and senior congressional officials will meet again on Friday to continue the discussion, and both sides strongly emphasize that the United States will not default on its debt. Biden stated that the meeting with Republican leaders on the debt ceiling issue was "productive". In addition, the Federal Reserve's "number three" and New York Fed Chairman Williams stated that inflation remains high, making it premature to judge whether the interest rate hike is over. This also provides support for the US dollar index and US bond yields, with the US dollar index rebounding for two consecutive trading days,10The yield of one-year US Treasury bonds also held up the gains of the previous two trading days, causing bullish gold to be cautious. Overall, due to the risk of debt default, banking turmoil, and international geopolitical turmoil in the United States, gold prices are still supported by safe haven buying. The expectation of the Federal Reserve's interest rate cut this year is also supporting gold prices in the medium to long term. However, in the short term, the US dollar and US bond yields have rebounded steadily, and US inflation remains high,CPIThe data may dampen the Federal Reserve's expectation of a significant interest rate cut this year, which may bring some downward pressure on gold prices in the short term.

Gold Technology Analysis:

Daily level: high volatility;MACDAdhesion after top deviation,KDJSlightly dead cross, gold prices rebounded moderately after appearing a signal similar to the "Twilight Star" peak near historical highs, but failed to break the short-term peak signal, and there is still a possibility of gold prices fluctuating and building a peak. Preliminary support in10Daily moving average2016.50Nearby, pay attention to the middle track of the Bollinger Line2007.92Nearby support, if this support is missed, add a short-term bearish signal to further support the2000Near integer level. Last Friday's low point support was also near this position, and if it falls short of this position, it means that gold prices are expected to further fall below the Bollinger Line1965.37Nearby, in the short term, last Tuesday's low point1978.39There is also some support nearby.

However, the possibility of gold prices fluctuating upwards cannot be completely ruled out before falling off the Bollinger Line's mid track. Please pay attention to the Bollinger Line's track above2050.44Nearby resistance, if it can be overcome, it will increase the bullish signal in the future, and it means that gold prices may start a new round of upward trend. Further resistance can be referred to separately2060Gateway and2070Gateway. In the short term, intraday highs2038.10There are also some resistance nearby. Overall, the short-term operation strategy for today's gold market is based on Yao Sheng's suggestion to rebound and short, supplemented by a pullback and long, with a focus on short-term trading above2044-2050Frontline resistance, short-term focus below2010-2016Frontline support.