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5.11 Gold Morning Trading Ideas
Expectations of Federal Reserve rate cuts fluctuate, geopolitical disturbances add to the central bank's gold purchases to support the market, with no clear short-term directional momentum, and gold prices remain within a range.
Gold prices are under pressure at the Bollinger middle band of 4721, with a trading range of 4690-4751, balanced between bulls and bears.
Trading suggestions:
Pullbacks to 4700-4680, deep corrections to 4660-4640 can be bought on dips; if it directly strengthens, positions can also be placed around 4710, targeting above 4730 and 4750. $BTC $GT $ETH #Gate广场五月交易分享