5.8 Midday Gold Strategy



In the Asian session, gold fluctuated and strengthened, rising from 4680 to 4732 in a straight run; strong buy orders at lower levels provided solid support and were not affected by last night’s pullback. On the 5-minute chart, the price steps upward, with the moving averages and the middle Bollinger Band moving up in sync—price action shifts to a slightly bullish consolidation/oscillation. A large bullish candle recaptures the pullback space, as bulls actively vie for the 4730 level.

Focus on whether the previous high at 4732 can hold effectively; a breakout will challenge 4745 and 4760.

Trading Suggestions
Pull back to 4700-4715 to go long; first look for 4740, and if it breaks, watch for 4780.
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