May 6 Gold Morning Review

Recently, gold has been oscillating back and forth between bulls and bears with a clear pattern of consolidation and shakeouts, and the short-term market rhythm switches quickly. It is not suitable for medium- to long-term holdings; be sure to enter and exit quickly to capture swings.

Yesterday, gold prices rebounded with volatility, and both of our short positions were successfully closed with profits. In the morning, gold surged strongly and stabilized above the 4600 level, indicating continued short-term bullish momentum. You can consider establishing low buy positions around the support zone of 4583-4587.

Entry reference: Buy near 4585
The first short-term target is 4630, with resistance above at 4660-4670.

Market volatility involves uncertainty; be sure to manage risk and position sizes carefully. The above is only a short-term strategy reference; actual entries should be based on real-time market movements. #黄金