5.11 Gold Morning Analysis



After a sharp drop, gold quickly bottomed out and rebounded. It dipped to a low of 4672, then strongly pulled back. The current price has returned to the central range, and the “supply” from sellers has been absorbed by buyers.

On the indicators: the KDJ is about to form a second golden cross, and the buying momentum is restarting. ATR continues to rise, market volatility is expanding, and upward momentum is sufficient. A short-term pullback is a good opportunity to buy the dip. The bullish structure remains intact, and the uptrend will continue.

Trading suggestions:
Set up positions for gold around 4660-4670, with a target of 4720-4730.
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