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5.11 Luo Yi Gold Midday Analysis
Gold bulls continue to be strong at midday, showing strong resilience, with prices remaining relatively strong, and support below is sufficient.
The daily chart still maintains a bullish pattern, with prices trading above key support, and the medium-term trend has not changed. After a surge on the 4-hour chart, momentum has slowed, and indicators show slight signs of pullback, entering a short-term consolidation phase. The hourly range narrows, with solid support below, no signs of breakdown or downward movement, mainly consolidating at high levels to gather strength.
Bullish layout reference
Pull back to the 4670-4650 range for stabilization and go long, stop loss at 4620, target 4720-4750. $BTC $GT $ETH #Gate广场五月交易分享 #比特币波动 #山寨币资金回流