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#Gate广场五月交易分享 5.8 Afternoon Gold Outlook
The overall news sentiment is quiet, with the market waiting for tonight's unemployment data, and sentiment leaning towards caution. The US dollar index is fluctuating little, and gold has no clear short-term direction.
On the technical side, Bollinger Bands are narrowing, with the upper band pressing down, and obvious resistance above. The bullish momentum is insufficient, maintaining a range-bound pattern.
Suggestion:
Pullbacks to 4695-4675 can be bought on dips; if the decline is stronger, buy on dips at 4665-4645; if it moves upward directly, follow at 4705, with a target above 4730.
At the same time, watch for sharp rises followed by pullbacks, and consider short positions around 4735-50, with a first target of 4710-4700.
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.