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May 7 Morning Gold Briefing
The daily chart gold price is gradually moving away from low-range oscillation, with short-term moving averages turning upward and diverging, indicating a stronger sideways trend, with support at 4650 below.
The 4-hour chart shows high-level oscillation correction, with weak pullbacks and insufficient downward continuation, caution for potential upward surge; short-term resistance is at 4725.
After narrow-range consolidation, the hourly chart pattern has completed its correction, with a short-term bullish bias, watch for continuation of the rally after adjustment.
Suggestion: Go long at 4695-4700, target 4740-4770-4800. #Gate广场五月交易分享