5.25 Midday Gold Trading Ideas

This morning, the market opened with a gap up and ran higher steadily all the way; during the morning, the gold price traded in a high-range consolidation with the trend well under control, reaching a peak of $4579.96.

From the news perspective, today the US, Hong Kong, and South Korean stock markets are all closed, and the market liquidity is relatively low, which amplifies price volatility.

As for the technical side, on the 1-hour chart, the gold price has broken out of the prior consolidation range and has held above the key support at $4550. The short-term uptrend is clear, but there is obvious sell pressure around the $4580 area, and there is a need for a technical pullback.

Finally, Teacher Yan Yan’s trading plan: for short-term trades, go long on dips mainly, using support at $4540–$4555; targets are $4580–$4590. If the price quickly breaks down below $4535, cut losses and stay on the sidelines. If the $4580–$4590 zone is met with resistance, consider taking a small-position short; use a strict stop-loss of $5–$8. #黄金 #黄金下跌