5.7 Gold Evening Brief: Keep rising straight up—pullbacks continue to be long opportunities

Today’s direction is clear. The morning suggestion was to place longs at 4695-4700 (the low-to-high ranged up to 4754). Jingyi won’t let you down—judging from the market at that time, the lows are moving higher, and the highs are breaking through; there’s no deep correction, and no attempt to test the bottom, so the bullish structure is established. Follow the move and grasp the pace.

Tomorrow’s U.S. non-farm payroll is coming up. In the short term, the price action is unlikely to break out of the range, and overall it will remain choppy and oscillatory. From a technical perspective, price is under pressure in the high zone. Don’t chase the upside; focus mainly on buying on pullbacks.

Recommendation: Go long on pullbacks at 4717-4725. Upside targets: 4750. If it breaks through, look for 4770-4800.

Remember to set stop-losses properly and strictly control position size. #Gate广场五月交易分享