5.11 The Fourth’s Evening Gold Trading Ideas Share



News: The US Dollar Index remains relatively strong and is fluctuating. Market expectations for policy have shifted, and gold lacks upward momentum, facing overall pressure. As risk-averse sentiment in the market eases, buying interest in physical demand cools, and price action is temporarily held down.

Technical: After the hourly cycle broke below the Bollinger middle band, it continued to weaken, running toward the Bollinger lower band. The channel opens downward, indicating a bearish short-term trend. After losing key levels, the rebound lacks strength, and price is ranging and consolidating near the lows. Indicators are slightly turning after staying at low levels, but there is no clear rebound signal yet; in the short term, it remains weak and in consolidation.

Trading suggestions: If it pulls back to the 4650–4635 range, you may consider building long positions in batches, with the first upside target at the 4700 level and above.#
#黄金 #现货黄金 #Gate广场五月交易分享
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin