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5.4 How will gold move in the morning?
After opening higher in the morning, the gold price fluctuated and then fell back into consolidation. Currently, it is ranging narrowly around 4610, with intense games between bulls and bears. At present, the market’s price movement range continues to narrow, which is a buildup before a breakout. Once the market breaks out and the price direction is confirmed, it will drive the market to continue along the same trend.
Trading reference
• Long: On a pullback, go long at 4590-4600 after it stabilizes; stop loss at 4580; target 4640; if it breaks down, watch 4680
• Short: Sell short on a rebound at 4645-4650 when it faces resistance; stop loss at 4660; target 4590; if it breaks down, watch 4560
Personal view, for reference only; follow the actual trading situation.
#现货黄金#