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
PAXG1.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin