May 12th, Luo Yi Gold: Pullback and accumulate! Gold bulls' trend continues upward



Yesterday's Review
Yesterday, gold first fell then rose, forming a V-shaped reversal. After a quick dip in the early session, it stabilized at a key support level. During the US session, it surged strongly, recovering all losses. The short-term pullback is a form of accumulation and has not changed the overall upward trend.

Current Market Situation
Today, gold prices surged slightly then pulled back, remaining in a high-level normal correction phase. Support below remains solid. After oscillating and repairing, the upward momentum is still sufficient. With important data approaching tonight, market bullish expectations are strong. Coupled with a weakening dollar, the probability of continued upward movement in gold is high. The correction phase presents a low-entry opportunity.

Trading Suggestions
Long positions: Enter in the 4705–4720 range, with a stop loss below 4675, target 4770–4800$BTC $GT $ETH #Gate广场五月交易分享 #Gate广场五月交易分享 #TROLL两日涨超160% #Polymarket每日热点
BTC-1.32%
GT-2.38%
ETH-2.2%
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