Gaza ceasefire talks broke down, Israel advanced into northern Gaza and stormed Rafah without making any progress. U.S. CPI data in April fell short of expectations, April retail sales data fell short of expectations, U.S. inflation has gradually cooled over time, and weak retail sales data have boosted the possibility of the Federal Reserve cutting interest rates this year. Fed officials remain cautious about cutting interest rates. Williams said he has not seen any signs that there is now reason to change the stance of monetary policy and does not expect there will be a reason to cut interest rates in the short term; Barkin said inflation is falling toward the 2% target. More time is needed; Mester said inflation progress this year has been disappointing.
On the daily chart, gold continues to rise after stabilizing the middle track of the Bollinger Bands, and currently encounters resistance at the upper track of the Bollinger Bands. For pressure above gold, you can focus on the daily Bollinger Band upper track of $2,387, which is also the current intraday high, followed by a one-month high of $2,397; for support below, you can focus on Thursday's low of $2,370, followed by the weekly MA5 moving average of $2,354. The 5-day and 10-day moving averages are golden crosses upward, the KDJ and RSI indicators are oscillating upward, and the MACD indicator is slightly golden cross, indicating that the technical side is relatively dominant.
In terms of operation, it is recommended to treat it with a shock idea. The support below will focus on $2,370, followed by $2,354. The pressure above will focus on $2,387, followed by $2,397.