5/29 Morning Market Analysis:



Yesterday, gold experienced a strong rebound, with the market rising from a low of 4366 and reaching a high of 4516. This rally was mainly driven by news stimuli, although subsequent news was denied, the market sentiment had already pushed gold prices higher. Short-term correction features are obvious, making trading more challenging.

Based on the market rhythm, after completing the breakout and surge on Thursday, the upward momentum on Friday will gradually weaken. Focus on the range of 4440–4540 for operations:

Resistance zone: 4536–4540, prioritize shorting on rallies when the price reaches this area;

Support zone: 4440–4446, a rebound to this range with stabilization can be followed by short-term long positions.

Overall, the intraday strategy is to trade within the range, capturing profits from high shorts and low longs.

Trading suggestions: Short at 4536–40, stop loss at 4553, take profit at 4500/4466

Buy near 4440–46, stop loss at 4427, take profit at 4486–96

The above suggestions are for reference only; actual trading should be based on #黄金 real-time operations.
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