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5.12 Early Morning Gold Strategy
There is no major news data, the US dollar slightly retreats, supporting gold prices, and the market is waiting for the Federal Reserve policy expectation guidance.
The Bollinger Bands are opening upward, with moving averages in a bullish arrangement, indicating an overall strong trend; gold is between the middle and upper bands, with the upper band at 4761 facing resistance, holding the middle band at 4707 to continue the bullish trend, with short-term high-level oscillations mainly.
Trading suggestions:
Pullbacks to 4715-4695, strong pullbacks to 4685-4665, and directly rushing to 4725 for long positions are all possible setups, with targets at 4750 and above 4780.
From a medium to long-term perspective, the overall trend in May is to test the 5000 level. $BTC $XAU $SOL #Gate广场五月交易分享