5.13 Midday Gold Reaches Highs with Major Reversal!

4726 Peak Faces Resistance and Plunges, Bearish Signal Fully Ignited!

Gold Market Midday Reference:
Overnight gold prices repeatedly fluctuated within the range, with increased tug-of-war between bulls and bears, and the market divergence became quite apparent.
The ongoing tension in Middle Eastern geopolitical situations offset market positive expectations.
Even with a slight increase in gold holdings, bullish confidence remains insufficient, and the overall market is stuck in a stalemate between buyers and sellers.
In the short term, the trend will continue to move within the range, with 4500–4780 forming the overall boundary between strength and weakness.

Midday Trading Strategy:
Overall, focus on shorting on rebounds at higher levels, and short-term buy on dips at key support levels.
Above, the 4735-4745-4755 levels form an inverted triangle resistance structure, suitable for phased short positions, with a stop loss around 4780.
Below, after stabilizing at the triangle support zone of 4620-4615-4610, consider gradually adding long positions, with a stop loss around 4590. #黄金 #黄金下跌