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May 21st Wenjie Gold Midday View
Gold surged and then pulled back during the lunch session, reaching a high of 4570 before facing resistance and retreating. Currently, it is fluctuating around the 4510–4550 range.
The overall market is a high-level shakeout and adjustment, with the key support at 4500 holding steady. There are no signs of weakness or sharp decline in the short term. The market is mainly consolidating and repairing, waiting for guidance from tonight’s Federal Reserve meeting minutes.
Support: 4500–4480
Resistance: 4550–4580
Trading Strategy
Preferably buy on dips around 4500–4510, with a stop below 4480, targeting 4540–4580.
At this stage, the market is fluctuating repeatedly. Do not chase orders or hold heavy positions. Strictly control your positions and patiently wait for a breakout opportunity tonight. #现货黄金