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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