#Gate广场五月交易分享 Gold and silver, rising in a somewhat "unruly" manner

Today, these precious metals are simply "going crazy" with gains! International gold prices directly broke through the $4,700 mark, and silver is even more aggressive. Yesterday, it experienced a deep V-shaped reversal, and today it’s soaring high, with bullish momentum fierce.
Why is it so strong? Simply put, market sentiment has changed. Originally, everyone was worried about the conflict in the Middle East, with oil prices soaring and inflation pressures mounting, making rate cuts by the Federal Reserve seem unlikely. But then, news broke that there was progress in US-Iran negotiations, possibly reaching an agreement! Oil prices plummeted accordingly, and inflation concerns eased significantly. The market immediately started pricing in “rate cuts by the Fed,” causing the dollar to weaken, and assets like gold and silver, which do not generate interest, gained attractiveness and surged.
Additionally, silver has its own “hard logic”—not enough supply! Global silver has been in a supply shortage for several years, especially in high-tech industries like photovoltaics, electric vehicles, and AI servers, where demand for silver is extremely strong. As inventories dwindle, prices naturally gain confidence.

What’s the strategy outlook?
Gold: The short-term rally is too rapid, and technical indicators are already showing signs of “overheating,” so chasing the high carries risks. The strong resistance zone is around $4,730–$4,750, which has caught many trapped before. So, don’t rush to buy high; wait for a pullback opportunity. If gold can hold steady around the support zone of $4,660–$4,690, consider entering long positions more cautiously. Pay attention tonight to the US initial jobless claims data, which could cause some volatility.
Silver: More elastic than gold and rises even more wildly. The long-term supply and demand story is very attractive, but short-term fluctuations are also significant. If you are a medium- to long-term investor, consider buying on dips in batches; if you are a short-term trader, be sure to set stop-losses, control your positions, and be careful of its “jumping up and down.”

Wishing everyone smooth trading and abundant wealth😀