#TradFi交易分享挑战 5.21 Today's gold trend analysis, is it a bottoming rebound or a consolidation correction?


Yesterday, the small yellow opened with a rebound to 4508, then moved south with oscillations, bottoming at 4453 for stabilization and rebound.
In the evening, it was relatively strong, pulling back from 4467 with a quick surge, mainly due to news influence.
Our move north to 4475 was also quickly taken within minutes.
Last night, it surged to a high of 4552, which is a daily resistance area, then ended with oscillations.
This kind of single-candle surge is not strong, and there was no pullback.
The four-hour level still remains in a downward channel and has not reversed, so this morning we expect a pullback.
The strategy is to sell high and buy low.
Watch the support at 4495-4505, and the resistance at 4558-65.
Support for long positions, resistance for short positions.
Today, expect consolidation; whether the downtrend continues depends on Friday.
The above content is for reference only and does not constitute any investment advice. $XAUUSD
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MasterChuTheOldDemonMasterChu
· 1h ago
Just charge forward 👊
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FenerliBaba
· 2h ago
Ape In 🚀
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Yunna
· 2h ago
LFG 🔥
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Yunna
· 2h ago
To The Moon 🌕
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HighAmbition
· 2h ago
To The Moon 🌕
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BlackBullion_Alpha
· 3h ago
DYOR 🤓
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BlackBullion_Alpha
· 3h ago
Buy to generate 💎
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Miss_1903
· 3h ago
Thanks for sharing, dear 🤗🌹❤️
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