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Gold Jin Chengfeng | Gold Morning Analysis (May 15)
【Overnight Review】
Overnight, the gold market failed to hold the $4,700 level, turning weaker amid choppy price action. This morning’s session continued the downtrend; the low dipped to around $4,647, followed by a modest rebound to around $4,660 for consolidation.
【Today’s Core Variables】
1️⃣ Woshem tomorrow will take over as the chair of the U.S. Federal Reserve, and the market has begun pricing in hawkish risk
2️⃣ China-U.S. Summit: positive outlook for trade versus rising geopolitical tensions—tug-of-war in both directions
3️⃣ Tonight at

Jin Jin Chengfeng | Gold Morning Analysis (May 15)
【Overnight Review】
Overnight, the gold market failed to hold the $4,700 level and weakened amid choppy trading. This morning, the downtrend continued, with the low dipping to around $4,647, before a modest rebound to around the $4,660 area for consolidation.
【Today’s Key Variables】
1️⃣ Wosh takes over as the next chair of the U.S. Federal Reserve tomorrow, with the market pricing in the risk of a hawkish stance in advance
2️⃣ The China–U.S. summit: positive developments on trade vs. geopolitical tensions, with back-and-forth pulling in b

5.14 Jin Jin Chengfeng Gold Morning Analysis
Core judgment: Range-bound fluctuation, leaning towards weak consolidation. High inflation suppresses gold prices, but there is buying support below.
Key price levels:
· Resistance: $4,730 (strong-weak boundary); $4,770 (strong resistance)
· Support: $4,670 (short-term key); $4,640 (last line of defense for bulls)
News analysis:
· Bearish: US PPI exceeds expectations, rate cut expectations vanish, US dollar is strong
· Bullish: Geopolitical risks remain, physical gold buying at low levels
Sino-US meeting: Any sudden statement could cause sharp sho