5.6 Evening Gold Market Analysis - Shiyuan Perspective



Crazy! Gold surges violently by 190 dollars!
A one-sided rally breaks through the 4700 level, bulls unleash full firepower, and tonight's market is completely ignited, with the rhythm fully controlled by the bulls!
Currently, the bulls are strong but overbought conditions increase the risk of a pullback.
Avoid chasing highs, focus on low buys, and consider high sells as supplementary.

Trading suggestions:
1. Pull back to the 4680-4690 range to go long, stop loss below 4650, target 4720-4750, breakouts look toward 4780-4800.
2. When first touching the 4740-4750 resistance, consider light short positions, stop loss above 4780, target 4700-4680.

Gold's evening bullish trend remains strong, continuing the upward pattern, with short-term high levels consolidating strongly.
Key support below is at 4680-4690, resistance above is at 4720-4750.
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