5.21 Gold Evening Review: Pullback to Consolidate, Quietly Awaiting Breakthrough

Market Review: In the early morning, the cocoa market's outlook was correct, and the facts proved that the strategy always aligned with the market rhythm. Gold prices surged to 4570 and then retreated, currently oscillating around 4513, with a low of 4505, which is a normal correction during an upward trend.

Trend Analysis: From the chart, although there is a pullback on the one-hour chart, support below remains solid, and the thirty-minute indicators are gradually stabilizing. On the news front, Wosh takes office tomorrow, and the market has already priced in this expectation. The dollar is weakening, and central banks around the world continue to buy gold, keeping the gold price bottom firmly supported. Short-term fluctuations do not change the overall upward trend.

Trading Suggestions: Tonight, focus on buying on dips, gradually entering long positions in the 4500-4510 range. The short-term target is first to break through 4535-4555, then look for a move to the previous high. Be cautious with position sizing, wait for news to settle before deciding on the direction, and avoid blindly chasing short positions.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.