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May 12th Gold Brief Analysis
Gold current price is 4768, with a short-term bottoming out and stabilizing, initiating a strong rally, effectively breaking through key resistance levels; the Bollinger Bands are expanding upward, and the market is steadily rising along the middle band of the Bollinger, with bullish momentum continuing to increase. The short-term bullish trend has been established.
The current market is experiencing slight fluctuations and consolidation, which is an ideal window for short-term trend-following positioning.
Trading should follow the trend principle, avoid contrarian bets, closely follow the market movement rhythm, and steadily capture trend swings for profit.
Operation suggestions:
Rebound to the 4730-4745 range for phased long positions, with targets above 4780, and stop-loss set below 4720; it is recommended to participate with a light position, strictly control risk, and set proper stop-loss. #Gate广场五月交易分享