May 5th Xiaoyue Gold Analysis



After the gold price dips, it stabilizes, and the buying support at low levels is very strong. The bearish momentum has basically been fully released. With support from geopolitical conditions and safe-haven demand, the overall support remains solid. The short-term slight pullback is only a normal corrective dip and shakeout. The overall trend focus continues to move steadily upward, and the bullish structure remains intact. As long as the key support is held, there is still room for further upside to push higher and test new highs.

Trading suggestions:
Enter long positions in batches within the 4480-4510 range,
with targets at the 4550-4600 range.
#黄金下跌
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin