🔥GOLD PULLBACK GOES LONG✅

May 10

From a technical analysis, the daily chart of gold showed a strong performance Thursday, closing as a big positive line and directly breaking through the middle track of the Bollinger Bands. Under a bullish trend, the market turns from weak to strong. The next step of focus will be the high point of the daily Bollinger Band track, which is expected to be located in the 2388-2390 area.

On the 4-hour chart, the unilateral trend is obvious, especially after Thursday's rise, the upper limit of the Bollinger Band has been stretched, forming a clear unilateral trend. The market has now exceeded the previous high of 2370. Given the clear market direction, blind chasing of bulls should be avoided during the European trading session. The lower support is located near the Bollinger Band upper track 2337 and the unilateral moving average support 2332. Therefore, traders can consider looking for pullback opportunities near 2370 and wait for the adjustment to end before considering long operations.

It is worth noting that if the price unexpectedly falls below 2330 today, it may enter a state of shock again.

Yesterday's analysis has predicted that the volatile market is coming to an end, and gold's performance last night confirmed this. The price easily broke through the key position of 2332, which means that the previous volatile market has come to an end and the bulls have begun to regain control of the market. The daily line closed out the big positive line, swallowing up many previous K-line patterns, and all indicators turned upward. Today's focus is first on 2332, which was previously the upper edge pressure of the shock range and has now turned into support; secondly, 2337 is the support level in the hourly pattern.

Comprehensive analysis, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The upper resistance level focuses on the 2376-2378 range, and the lower support level focuses on the 2332-2337 range.

May 10

Note

DEAR FELLOW GOLD INVESTORS,
MAY YOU ALL HAVE A PEACEFUL AND FULFILLING WEEKEND

During the tranquility of the weekend, perhaps it's worth pondering our investment strategies, examining the market trends, and seeking wiser decisions. Remember, every fluctuation holds opportunities, and our calmness and wisdom will determine whether we can seize those precious moments within the fluctuations.

Beyond investments, don't forget to share joy and thoughts with family and friends, filling the weekend with warm laughter. Life is not just about numbers and trends but also about emotional connections between people, which is our most cherished wealth.

May you have a wonderful weekend, filled with contentment and joy, looking forward to the challenges and rewards of the upcoming week. In our Gold Trading Club, we navigate through this golden world together, hoping to create a brilliant investment journey hand in hand