🔥5.7 Morning Gold Trading Ideas

Gold had a huge breakout yesterday, with a single-day surge of over 100, reaching a high of 4723, and the daily chart closed with a large bullish candle, forming a double bottom breakout pattern, indicating a clear bullish trend. Currently, it is oscillating near 4700 at a high level, RSI has entered the overbought zone, and there is a short-term need for a pullback to confirm support, but the overall strength remains unchanged.

The key support below is at 4660-4680, which is the neckline after the breakout and also the lifeline of the bulls. Holding here would mean the bullish momentum continues. The resistance above is first at 4720-4730, with strong resistance around 4750.

In terms of trading, consider buying in stages on the pullback to the 4660-4680 range, with a stop loss below 4650. The target is 4720-4750, and if broken, look towards the 4780-4800 range. The trend remains bullish, avoid blindly guessing the top, and trade with small positions while managing risk accordingly. $GT $BTC $SOL #Gate广场五月交易分享 #比特币站稳8万关口 #Polymarket每日热点