May 13 Evening Outlook



Currently, gold prices have experienced a sharp rise, a pullback, a rebound from the bottom, and after entering a high-level consolidation phase on the 1-hour chart, they are mainly repairing and adjusting around the 4700 level, oscillating within a narrow range, lacking clear short-term trend guidance.

From the market perspective, after rising to 4773 and encountering resistance, prices pulled back, with the lowest dip near 4638 finding support and showing a rebound. Currently, prices are consolidating around 4698, with both bulls and bears temporarily balanced, facing resistance above and support below. The short-term trend is likely to continue oscillating.

Trading Suggestions

Long: Enter on stabilization within the 4680-4690 range, stop-loss above 4670, target 4720, breakouts target 4760

Short: Enter on resistance within the 4710-4720 range, stop-loss below 4730, target 4680, breakouts target 4640

(These are personal opinions for reference only; all trading should be based on actual market conditions.)
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