5.11 Evening Gold Trading Ideas



No major data releases today, the US dollar slightly rebounded, suppressing gold prices, but the momentum is limited, and buying support below remains.

The Bollinger Bands are narrowing, with the upper band at 4678 as short-term resistance, and the lower band at 4655 as key support. Price is trading below the middle band, with downward momentum slowing, and the lower support moving up. A short-term bottoming signal is emerging, with overall consolidation awaiting a breakout.

Suggestions:
Pullbacks to the 4655-4635 range can be considered.
If the momentum is strong, consider buying in the 4625-4605 range.
If prices rise directly, light buying near 4660.
Target above 4700.

Pay attention to resistance above, 4670-4690. If it cannot break through, consider a light short position, looking at 4650-4640, and a further decline if broken. $BTC $XAU $ETH #Gate广场五月交易分享
BTC0.45%
ETH-1.02%
View Original
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