5.7 Evening Gold Analysis Gold price remains strong, no change in bullish pattern; pullbacks are good buying opportunities

Gold fluctuated high around 4730 in the evening, surged to 4753 during the day, then slightly retreated, which is a normal correction after a big rally, and the short-term bullish pattern remains unchanged. The daily candle closed as a large bullish candle, with the price above the 5/10-day moving averages, indicating a short-term trend turning stronger, but RSI has entered the overbought zone, and the upward momentum has slowed down.

The key support below is in the 4680-4660 range, which has been tested and stabilized multiple times today, and support is effective; resistance above is at 4750-4760, and only a breakout can open further upside space. Tonight is likely to see consolidation between 4660-4750, waiting for guidance from non-farm payroll data.

In terms of trading, focus on buying low, with entries on dips around 4670-4680 in batches, stop-loss below 4650, and targets at 4750-4770; if there is resistance near 4750 during a rebound, consider light short positions with a stop-loss above 4770, and targets at 4700-4680. $BTC $GT $ETH