深潮TechFlow
深潮TechFlow|May 07, 2026 06:50
[Institution: Gold Prices Need to Clearly Break Through the $4,730-$4,750 Range to Sustain Uptrend] Deep Tide TechFlow reports that on May 7, (XS.com) analyst Linh Tran stated in a commentary that gold prices may need to clearly break through the $4,730-$4,750 per ounce range to sustain a strong upward trend. With the weakening of the U.S. dollar and U.S. Treasury yields, gold appears poised for a short-term rise. However, if gold prices fail to break through this resistance level, they may return to a range-bound pattern. The upcoming U.S. non-farm payroll report could be a key catalyst; if the data comes in weaker than expected, it could support a more dovish shift by the Federal Reserve, thereby boosting gold prices. (Jin10)
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