4:13 Gold Evening Outlook



During the day, gold fluctuated at low levels, dipping to 4664 in the morning and rebounding to around 4713, overall showing weakness. Mainly affected by hawkish expectations for the Federal Reserve, rising U.S. Treasury yields, and capital flow shifts out of oil, with insufficient momentum.

Tonight, focus on U.S. retail data and officials' speeches; data exceeding expectations will further pressure gold prices; geopolitical tensions escalating may trigger a quick rebound.

Support levels are at 4690-4700, strong support at 4660-4664, and a break below that targets 4630.

Resistance is at 4730-4735, with strong resistance at 4750-4760.

Trading suggestions:
Short on rebounds at 4730-4735 resistance, targeting 4700-4670.

On dips to 4690-4700 for stabilization, take light long positions with targets at 4720-4730. If breaking below 4660 or surging past 4760, stay on the sidelines and strictly control risk.
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