May 21st, Mu Yun Gold Afternoon Review



Intraday gold prices surged to 4570 but faced resistance and pulled back, currently consolidating between 4510-4550.

The high-level oscillation and shakeout pattern remains unchanged, with solid support at 4500. There is no major downward trend in the short term; the market is mainly resting and gathering strength, waiting for the Federal Reserve meeting minutes tonight to determine the direction.

Support: 4500-4480
Resistance: 4550-4580

In terms of trading, buy on dips around 4500-4510, with a stop loss below 4480, targeting 4540-4580.
The market is volatile and unpredictable; strictly avoid chasing trades with heavy positions. Light positions and wait for the breakout tonight. #黄金
PAXG-0.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned