5.26 Wenjie Gold Morning View



Yesterday, gold generally remained within a range, with prices fluctuating within the Bollinger Bands, encountering resistance when rising and finding support when falling, without forming a clear trending market. Previously, long positions based on support at low levels were smoothly taken profits on the rhythm of consolidation.

There are no major economic data releases today; the US dollar and US bond yields fluctuate slightly, and cautious market trading is also a main factor for the continued sideways movement.

Technically, the Bollinger Bands are gradually narrowing, with the trading range continuously tightening, further limiting short-term volatility. Currently, gold prices are close to the middle band of the Bollinger Bands, with bulls and bears temporarily balanced.

Trading idea: When the price pulls back to the 4530-4550 area, consider setting up long positions; the upside targets are first 4560 and 4580. #现货黄金 $XAUT
XAUT-1.42%
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