May 6th Gold Outlook

Today mainly focuses on pullbacks for dip-buying. The market relies on the core support zone of 4500–4550 to capture rebound and repair opportunities.
Short-term resistance is concentrated at 4660–4700. If the price holds above this range, the bullish market will continue to expand.

The technical structure maintains a bullish advantage: the four-hour moving averages are spreading upward; MACD bullish volume continues to strengthen; and the Bollinger Bands open in line with the trend. After 4620 completes its support-to-resistance conversion, it becomes the short-term bull-bear line of demarcation, and the strong support rises to 4600.

For trading, stick to a low-buy strategy: when the price pulls back near 4620, follow up by entering long positions directly. Short-term targets are 4660–4680; if there is an effective breakout, you can look toward 4700.
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