Currently, gold is experiencing high-level oscillations and fluctuations. Yesterday, it surged to 5205 then pulled back, touching a low of 5130 before rebounding again.
The daily chart shows a slow upward trend with a bullish candlestick pattern; the overall trend remains bullish. The hourly chart maintains a range-bound consolidation. Resistance above: 5230–5240; support below: 5130. As long as the range is not broken, short-term strategies should focus on selling high and buying low, with the main idea being a pullback to buy.
Trading Suggestions: Buy near 5130–5140, with targets at 5230–5250.
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Friday Jing Yi Gold Trading Strategy Analysis
Currently, gold is experiencing high-level oscillations and fluctuations. Yesterday, it surged to 5205 then pulled back, touching a low of 5130 before rebounding again.
The daily chart shows a slow upward trend with a bullish candlestick pattern; the overall trend remains bullish. The hourly chart maintains a range-bound consolidation. Resistance above: 5230–5240; support below: 5130. As long as the range is not broken, short-term strategies should focus on selling high and buying low, with the main idea being a pullback to buy.
Trading Suggestions:
Buy near 5130–5140, with targets at 5230–5250.
Personal opinion, for reference only
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