5.13 Gold Morning Review



Overnight, the US April CPI data was positive, and the Federal Reserve's rate cut expectations reignited disagreements, causing the dollar to surge then fall back. Gold experienced wide fluctuations at high levels, with the overall bullish pattern remaining solid.

Gold prices quickly rebounded after dropping to 4638, with strong support at low levels, and bullish sentiment continuing to warm. Technically, the Bollinger Bands are opening upward, with gold prices staying above the middle band, maintaining a long-term bullish trend; short-term indicators are overbought, so caution is advised against a slight pullback after a rally, and chasing gains should be avoided.

In terms of trading, focus on buying on dips, with a phased long position in the 4680-4705 range, targeting 4730 and 4780. Manage positions accordingly and take advantage of swings. #黄金
View Original
post-image
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