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5.6 Gold Morning Outlook
The hourly gold chart shows a stair-step upward movement, rising from 4509 all the way to the short-term high of 4586; after reaching the high, it faced resistance and pulled back, with bullish momentum weakening, entering a phase of high-level correction.
Currently, the price is fluctuating around 4550, with no clear reversal signals, and the medium-term trend remains bullish.
Trading references
Duo: Stabilize around 4530-4545 to enter, target 4580, break through 4600, and look for 4700 on a breakout.
Kong: Encounter resistance around 4560-4580 to enter, target 4530-4520-4500, if it breaks below 4500, look for 4450. #WCTC交易王PK $BTC $GT $ETH