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5.21 Gold Intraday Morning Review: Pullback for Longs, Follow the Trend for Bullishness
Market Review: Last night’s gold price action fully matched the forecast. It bottomed out and rebounded near 4453, surged up to a high of 4552, and is currently stabilizing around 4540. The previous downward trend has been completely reversed. The rally is real and effective, not a short-term fake push.
Price Movement Analysis: The current price is holding firmly above the key support level. Upward momentum is still being released, with no obvious signs of a turn or pullback. For today, only place trend-following long positions and do not take any short trades.
Trading Advice: If the price pulls back into the 4515-4525 range, you can scale in to long positions in batches. Set a unified stop loss below 4500. For short-term targets, first look at 4550-4570. After a breakout, you can target higher levels as well. Just hold steadily while following the trend.
Disclaimer: The analysis above is for reference only and does not constitute investment advice. The market is risky, and you should be cautious when entering. #