May 6 Lunchtime Bole Analysis

As of 13:30 today, spot gold quotes at $4,662 per ounce, up 1.49% intraday, with a high of $4,665 and a low of $4,587, showing a strong "bottoming out - stabilizing - rally" upward trend, with bullish momentum clearly dominant.
News (Core Drivers)
1. Middle East geopolitical easing sparks rebound: Trump announced on the 5th to suspend the "Freedom Plan" operations in the Strait of Hormuz, claiming significant progress in negotiations with Iran, rapidly cooling tensions in the Middle East, the dollar index retreated to 104.2, and U.S. Treasury yields declined in tandem, directly triggering a short-term jump in gold prices by over $70.
2. Fed's high interest rate expectations suppress: Market expects only 0-1 rate cuts this year, with actual interest rates remaining high, limiting the rebound height; global central banks' continued gold purchases (average around $4,500 in Q1) provide bottom support, with short-term sentiment driving volatility.
Technical (Precise Breakdown)
• Hourly chart: Early trading saw dense buy orders at $4,546-4,550, MACD formed a golden cross at low levels, trading volume continued to expand, bullish arrangement intact, short-term support moved up to $4,600-4,620.
• 4-hour chart: Broke through the 5/10-day moving averages, Bollinger Bands widened, upper band strongly resisted at $4,670-4,680, middle band support at $4,590, bullish trend clear but with heavy trapped positions above. #黄金##金价##现货黄金##原油#