#Gate广场五月交易分享



5.8 Afternoon Gold Outlook

The overall news sentiment is calm, with the market waiting for tonight's unemployment benefit data. Sentiment is cautious, the US dollar index is not fluctuating much, and gold has no clear short-term direction.

Technically, the Bollinger Bands are narrowing, with the upper band pressing down, and there is obvious resistance above. The bullish momentum is insufficient, maintaining a range-bound pattern.

Suggestions:

A pullback to 4695-4675 can be bought on dips; if the decline is stronger, consider adding on dips at 4665-4645; if it moves upward directly, follow at 4705, with a target above 4730.

At the same time, watch for a rebound after a spike, and consider short positions around 4735-50, initially targeting 4710-4700.
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ChuDevil
· 1h ago
Just charge forward 👊
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Ryakpanda
· 1h ago
Just charge forward 👊
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MasterChuTheOldDemonMasterChu
· 3h ago
Got it, I'll go draw a runway for gold so it can obediently run back and forth within the range~😂
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HighAmbition
· 3h ago
good 👍👍
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