ShuYanObservesGold.

5.6 Midday Gold Price Strategy
On the four-hour timeframe, the moving averages are aligned in a bullish order. The MACD red histogram bars continue to expand, the Bollinger Bands are opening and widening upward, and bullish momentum is strong.
The bottom at 4620 completes a top-bottom reversal, forming the short-term support level. Core strong support has shifted upward to 4600.
Resistance overhead is at 4660 and 4680.
**Trading Plan:**
Continue the morning “buy-the-dip” idea. Pull back to 4620 to enter following the trend. Target the 4660–4680 range, and look for 4700 if there is a brea

5.6 Gold Morning Outlook
The hourly gold chart shows a stair-step upward movement, rising from 4509 all the way to the short-term high of 4586; after reaching the high, it faced resistance and pulled back, with bullish momentum weakening, entering a phase of high-level correction.
Currently, the price is fluctuating around 4550, with no clear reversal signals, and the medium-term trend remains bullish.
Trading references
Duo: Stabilize around 4530-4545 to enter, target 4580, break through 4600, and look for 4700 on a breakout.
Kong: Encounter resistance around 4560-4580 to enter, target 4530-4

5.5 Gold Morning Outlook
The hourly chart shows a standard downward channel, with the market under pressure and a clear overall bearish pattern.
After dropping to the 4500 level, the downward momentum slowed, and a small bullish doji appeared in the low position, with bulls making slight resistance. Currently, the market is consolidating narrowly between 4500 and 4537, waiting for a breakout to determine the direction.
Suggestions:
Duo: Stabilize around 4500-4515 to enter, target 4550, if it breaks 4550, look for 4600-4650.
Kong: Encounter resistance at 4530-4545 to enter, target 4500, if it d

May 4th Gold Morning Outlook
From the 1-hour chart, after completing an upward wave earlier, gold is currently in an ascending flag consolidation pattern, with the price pulling back from the recent high and then entering a narrow sideways trading range, with both bulls and bears temporarily at a stalemate.
The current gold price remains above the key support level and has not broken through the short-term resistance, which is a typical trend consolidation signal rather than a trend reversal; additionally, the market volatility continues to narrow, and trading volume is decreasing, indicating

Next week’s overall gold trend
On Friday during the US session, after news of Iran talks, the gold price briefly surged and then pulled back—the market action matched expectations. Geopolitical tensions keep swinging back and forth, and there is unlikely to be a clear outcome in the short term. Gold is under pressure at the key resistance of 4660-4670; overall, it is in a downward-trend oscillation and consolidation, and the short-sell (high-short) mindset remains consistently effective.
Key levels
Support: 4595-4600, strong support: 4560-4568, deep support: 4510-4520
Resistance: 4683-4690