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Midday Gold Trading Ideas: In a ranging market, just trade within the range!
Gold Digger Lao Mao
2026.05.07 Midday
After yesterday’s rally, today’s momentum has clearly weakened, and the market has entered a narrow fluctuation. Before the US market opens, it is likely to maintain a range-bound tug-of-war, avoiding chasing trends, and only doing high sell and low buy.
In terms of operation, the resistance above is at the 4716-4722 range, lightly entering short positions when touched, with a stop above 4725, targeting 4700-4690; support below is at 4700 and 4685. If retesting and stabilizing, consider going long, with a stop below 4680, targeting 4710-4716. In a ranging market, quick in and out, avoid stubborn positions, and just ride the waves back and forth.
The above is only a personal trading idea share and does not constitute any investment advice. The market carries risks; trade cautiously. #黄金