May 4 Eagle Eye Gold Morning Analysis



On the 1-hour chart, gold previously rose and then entered a flag consolidation, pulling back from the high and showing narrow fluctuations, with bulls and bears temporarily balanced. Currently, the gold price is trading above a key support level, with short-term resistance not yet broken, and overall it is in a trend consolidation phase, not a reversal. Market volatility is narrowing, and trading volume continues to shrink, indicating an imminent breakout, with a high probability of continued volume expansion after the breakout.

Personal trading suggestions

Long positions: Enter after stabilizing in the 4590–4605 range, target 4640, and look for a move to 4700 after a breakout.

Short positions: Enter upon resistance in the 4620–4635 range, target 4590, and look for a move to 4500 after a breakdown. #比特币ETF期权持仓限额增4倍 #美联储利率不变但内部分歧加剧 $XAUT $BTC
XAUT-0.67%
BTC1.71%
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