5.8 XinXin Gold Midday Analysis



The bullish outlook for gold this morning was realized as expected. After rising from the low of 4680, the price has continued to push higher. The market still maintains a strong upward movement pattern, and the “duo tou” momentum shows extremely strong continuity.

Judging from the chart, the midday K-line steadily climbs along the trend channel. The KDJ indicator turns upward again, and there has been no rapid pullback after any dulling at high levels. The strength of capital follow-through is stable, and this is a healthy upward continuation.

The short-term slight pullback is only a technical consolidation. The breakout above the high of 4765 is just around the corner. This leg of the rally’s main upswing wave is not over yet, and any pullback is the “golden” window for going long on dips.

Trading suggestions:
For gold, enter positions around 4700 to go long on dips, mainly following the trend for low entries. Target 4660-4670. Watch closely and control position size.
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