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5.7 Evening Gold Outlook
In the evening, pay close attention to the unemployment benefits data; watch for fluctuations, and use stop-losses.
The price is under pressure and is below the middle band of the Bollinger Bands; the moving averages are falling, and the Bollinger Bands are narrowing. The evening data may lead to a tug-of-war between the upper and lower bands. If it cannot hold above the middle band, the market will remain weak.
**Trading suggestions:**
On pullbacks to 4715-4695 or 4685-4665, you can buy the dip. If price directly spikes up near 4725, you can also follow, with targets at 4750 and 4780.
If it trades around 4760-4745, watch 4715-4650. $BTC $XAU $ETH #Gate广场五月交易分享