5.6 Evening Gold Strategy



Tonight's focus is on the US ADP employment data, which directly influences the Federal Reserve's interest rate cut expectations and dominates short-term gold movements: strong data suppresses gold prices, weak data favors bulls.

The current Bollinger Band upper band shows signs of stagnation, bullish momentum weakens, with 4713 as strong resistance above and 4685 as the key support at the middle band of the Bollinger. The market is cautious ahead of the data, waiting for a breakout direction.

Trading suggestions:
Pull back to 4685-4665 for phased small buys, deep correction to 4655-4635 to add positions; if it surges directly, follow near 4700, targeting 4730 and 4750.
In the 4735-50 range, prioritize short positions.

At the same time, ADP data will be released tonight, so watch out for volatility caused by the data, set proper stop-losses, and avoid holding positions blindly. $BTC $XAUT #Gate广场五月交易分享
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