5.12 Gold Morning Analysis and Review Breakout Resistance, Pullback Imminent



Review of last night’s XinXin gold buy-sell strategy, the evening rally idea was fulfilled as expected, and brothers who followed gained a 45-point profit.

Gold price surged to 4776 then quickly fell back, with net capital outflow, making it difficult to break through the strong resistance at 4760-4770, and bullish momentum is weakening. KDJ shows a death cross from a high position, a clear top signal, with a short-term focus on a pullback.

Trading suggestions:
Follow the buy-sell orders within the 4750-4755 range, with the first target at 4700, and stop loss at 4765.
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