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5.6 Evening Market Commentary
The current 15-minute cycle’s bullish structure has already been established. The overall trend structure is steady and intact, the upward momentum for the bulls remains strong, there are no signs of weakening, and in the short term the price has been trading continuously within a strong upward channel.
A market rally is naturally a steady, step-by-step process. Any minor pullbacks and consolidation fluctuations during the day are normal for building momentum and adjusting. As long as the overall bullish main trend is not broken, the upside room will be further opened in the next stage.
For trading, it is recommended to buy on dips in the 4695-4710 range in batches. The first short-term target is 4735. If it breaks out, follow the trend to 4750. If the strong momentum continues, you can look near the 4800 level.#黄金