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5.27 Early Morning Gold Sharing by Zaoze
Yesterday, gold surged then pulled back, testing the upper Bollinger Band at 4580 and facing resistance, then retraced to the lower Bollinger Band support and stabilized. The market opened at 4580, then began to fluctuate downward, reaching a low of 4482 before launching a rebound, gathering strength to stretch up to 4527 and then oscillating to recover.
Gold completed the bottom test at 4482, and in the early morning, the bulls increased volume and launched a strong rebound, directly breaking through the middle Bollinger Band on the hourly chart and the 20-day moving average with double resistance. Currently, the 1-hour cycle moving averages are turning upward, forming a bullish alignment, and the 15-minute upward channel is intact. The short-term strong pattern is fully established, and the selling pressure has been completely digested, shifting the trend from weak to strong.
Gold retraced to around 4485-4500, with targets at 4530-4550, and a breakout above 4580!
#美军打击伊朗