5.7 Xin Xin Gold Evening Analysis



Gold has completed a strong bottoming during this round of correction, with clear support around 4724, and the buying momentum remains sufficient, with no deep pullback. The current price has already rebounded above 4740, and the short-term upward trend is continuing.

Breaking through the previous high of 4747 signals a clear continuation of the rally; although the KDJ indicator is in the overbought zone, the overall trend remains upward, and the momentum has not exhausted. Coupled with continuous net capital inflows supporting the price, the upward pace is healthy.

Currently, gold is in the acceleration phase of the buying trend; the short-term consolidation is just a normal pause during the rise. Pullbacks are opportunities to buy at lower levels, and by relying on support levels, wait patiently for the gold price to push higher.

Trading suggestions:
Arrange positions around 4720-4710 to buy, targeting 4780-4790. Pay attention to observation and strictly control position sizes.
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