5.7 Morning Gold Outlook



Morning gold prices are fluctuating at a high level around 4700, with no clear trend, awaiting news catalysts.

The 4-hour moving averages are in a bullish arrangement, RSI is neutral, with a tug-of-war between bulls and bears.
Resistance above: 4720, 4750; support below: 4680, 4660.

Suggestions:

The market is consolidating at higher levels, with rebounds relying on 4720 and 4750 to gradually establish short positions, targeting below 4680 and 4650.

Stabilize within the 4665-4680 range to enter, targeting 4720; break above 4750, then look toward 4800. $BTC $XAU $ETH #Gate广场五月交易分享
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